Lij_MC

RSI Divergence Ultimate

Here it is Everyone - What was once hidden is now revealed

This is the Ultimate RSI Divergence Indicator

Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when trading Multiple Time Frames as you can look for confluence in the direction of RSI

Included options for the Signal Line include;
Various calculations EMA , SMA and Linear Regression which provides very accurate signal line crossover signals
Color Changing with direction
Second RSI with different Length
Multi Time Frame RSI
Bollinger Bands applied to the RSI
RSI Stochastic that has been compressed to fit into RSI OB / OS so that it doesnt compress the RSI when in these regions
There are also Background Highlights (thanks to Chris Moody) for when the RSI Stochastic moves into OB / OS and crosses its signal line

There are plenty of Alerts for signals with more complex alerts coming soon
I have also added Hima Reddy's Power Zones for support and resistance so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance and much more
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Note di rilascio: Added option to reverse the colors for RSI Stochastic OB / OS
Note di rilascio: Adjusted colors for RSI Stoch. OB / OS
Note di rilascio: Changed Menu and how RSI Timeframes are selected

Added Choppiness Index Overlay and single bar Histogram colored according to significant levels

Added further highlights as RSI moves into Power Zones or consolidation zone
Note di rilascio: Added MFI and background highlights when MFI is OB/OS
Note di rilascio: Set MFI OB/OS Highlights as default
Note di rilascio: Optional Offset for divergences to where earliest entry can take place

Adjusted Alerts to be easier to see when selecting
Note di rilascio: Mid Line Color According to RSI Above or Below Signal Line 1
Note di rilascio: Set to optimal settings
Added menu for adjustment of MFI OB /OS thresholds for Background Highlights

Tips for use;

Use Hima Ready levels for S/R of RSI

Look for RSI to cross Signal Line (Center Line Color) and Signal Line Direction for confirmation

Look for confluence with your entry indicator

Use appropriate Risk Management
Note di rilascio: Fixed Fault with signal line 2 - RSI
Added color OB / OS highlights of RSI 5 on standard RSI - Shows exhaustion
Changed some defaults
Note di rilascio: Added Alerts for RSI crossing into Over Bought / Over Sold regions & RSI Crossing the 50 / Mid Line
Added Highlights for when RSI Crosses the 50 / Mid Line - Sorry Folks I had to remove the choppiness index to be able to do this
Note di rilascio: Added more Alerts

Please note that alerts are not setups in themselves, they are only there so you can be aware to start looking for setups
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Vuoi usare questo script sui tuoi grafici?