RSI Divergence Tops + BottomsRSI Indicator which plots local peaks and troughs in divergence.
Divergence is specified as:
- A higher price, with reduced RSI --> Potential Sell Point
- A lower price, with higher RSI --> Potential Buy Point
RSI Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.
Read more about trading RSI Divergence on Investopedia here: www.investopedia.com
Cerca negli script per "rsi divergence"
RSI Divergence SmoothedRSI Divergence Smoothed
This indicator is based on the RSI Divergence indicator by @InvestitoreComune.
The "RSI Divergence Smoothed" is a custom technical indicator designed to highlight divergence between two RSI (Relative Strength Index) lines: a fast RSI and a slow RSI. The divergence is then visualized on the chart, assisting traders in recognizing potential market reversals and trend continuation.
Here's a breakdown of its smoothing options added:
1. **WMA Difference**: The indicator first computes a weighted moving average (WMA) difference, which takes the difference between the WMA of half the input length and the WMA of the full length.
2. **Hull Moving Average (HMA)**: The indicator can use the HMA as a filter. HMA combines the benefits of a simple moving average and a linear weighted moving average, aiming to be faster in response to price changes.
3. **Sine Weighted Moving Average (SWMA)**: Another filter option, SWMA, weighs the data points by the sine of their position in the data set, giving more weight to the central data points.
4. **Kaufman's Adaptive Moving Average (KAMA)**: KAMA adapts to price volatility and can also be used as a filter. It's especially useful in choppy markets, adjusting the smoothing constant based on the relative volatility of the price series.
5. **Gaussian Moving Average (GMA)**: This filter uses a Gaussian kernel to weigh the data points, emphasizing the more recent data while giving lesser importance to older data. It helps smooth out the price data, potentially eliminating some of the noise.
I've personally found the KAMA smoothing to be most helpful but keen to hear of anyone's personal experiences and recommendations.
RSI divergence computations are based on the filtered price (or raw price if no filter is chosen) - the indicator calculates two RSIs:
- Fast RSI: With a default length of 5 periods.
- Slow RSI: With a default length of 14 periods.
The core functionality of this indicator is to compute the divergence between the Fast and Slow RSI. The divergence is plotted on the chart, with the color indicating its direction: white for positive divergence and red for negative.
RSI Divergence - Baby WhaleHey guys!
BabyWhale here!
I will open source my scripts, so everyone can use them and update.
In this RSI Divergence script I added Hidden Divergence (beta) as well.
This script will show you:
Bullish Divergence (green triangle)
Hidden Bullish Divergence (green circle)
Bearish Divergence (red triangle)
Hidden Bearish Divergence (red circle)
You can set the RSI values.
I recommend 60 / 40 or 70 / 30.
Last but not least, you can set alarms when a Divergence or Hidden Divergence is found.
Feedback is always welcome!
Credits to @Libertus, I used his script as inspiration.
Good luck with trading!
BabyWhale
RSI Divergence X Ichimoku Cloud X 200EMAHi all,
This script is a combination of the RSI Divergence Strategy combined with Ichimoku Cloud and 200 EMA .
A long position is entered only when the RSI identifies a bullish divergence (either regular or hidden), and that the Ichimoku Cloud is above the 200 EMA . This is to ensure that there is a confirmation of a bullish trend before an entry.
Similarly, a short position is entered only when the RSI identified a bearish divergence (either regular or hidden), and that the Ichimoku Cloud is below the 200 EMA . This is to ensure that there is a confirmation of a bearish trend before an entry.
I find that this script works best on Intraday charts.
This is just a simple script I built on my third attempt of backtesting strategies on TradingView. Do give it a go and let me know if you guys have any feedback or comments about it. Happy trading!
RSI Divergence Indicator strategyThis strategy is based on RSI divergence indicator.
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
RSI DivergenceSimple RSI Divergence with adjustable lookback period.
Highlights bars with higher price but lower RSI (bearish) or lower price but higher RSI (bullish) than the highest/lowest points in the lookback period.
RSI Divergence Indicator (with alerts)Many have requested me for indicator version with alerts for the RSI Divergence strategy. Here is the one ...
Please note alert triggers in delay by number of bars defined in the settings. (same as strategy) ...
Bar color also changes when alert triggers ...
Yellow Bar shows BUY
Purple Bar shows EXIT ( Exit the Long position ... NO SHORTing )
On each Yellow Bar can be added to existing position
On each Purple Bar , exit partial position OR exit the whole position
Appreciate your feedback.
Warning
Use for education purpose only ...
Bullish B's - RSI Divergence StrategyThis indicator strategy is an RSI (Relative Strength Index) divergence trading tool designed to identify high-probability entry and exit points based on trend shifts. It utilizes both regular and hidden RSI divergence patterns to spot potential reversals, with signals for both bullish and bearish conditions.
Key Features
Divergence Detection:
Bullish Divergence: Signals when RSI indicates momentum strengthening at a lower price level, suggesting a reversal to the upside.
Bearish Divergence: Signals when RSI shows weakening momentum at a higher price level, indicating a potential downside reversal.
Hidden Divergences: Looks for hidden bullish and bearish divergences, which signal trend continuation points where price action aligns with the prevailing trend.
Volume-Adjusted Entry Signals:
The strategy enters long trades when RSI shows bullish or hidden bullish divergence, indicating an upward momentum shift.
An optional volume filter ensures that only high-volume, high-conviction trades trigger a signal.
Exit Signals:
Exits long positions when RSI reaches a customizable overbought level, typically indicating a potential reversal or profit-taking opportunity.
Also closes positions if bearish divergence signals appear after a bullish setup, providing protection against trend reversals.
Trailing Stop-Loss:
Uses a trailing stop mechanism based on ATR (Average True Range) or a percentage threshold to lock in profits as the price moves in favor of the trade.
Alerts and Custom Notifications:
Integrated with TradingView alerts to notify the user when entry and exit conditions are met, supporting timely decision-making without constant monitoring.
Customizable Parameters:
Users can adjust the RSI period, pivot lookback range, overbought level, trailing stop type (ATR or percentage), and divergence range to fit their trading style.
Ideal Usage
This strategy is well-suited for trend traders and swing traders looking to capture reversals and trend continuations on medium to long timeframes. The divergence signals, paired with trailing stops and volume validation, make it adaptable for multiple asset classes, including stocks, forex, and crypto.
Summary
With its focus on RSI divergence, trailing stop-loss management, and volume filtering, this strategy aims to identify and capture trend changes with minimized risk. This allows traders to efficiently capture profitable moves and manage open positions with precision.
This Strategy BEST works with GLD!
Smart RSI Divergence PRO | Auto Lines + Alerts📌 Purpose
This indicator automatically detects Regular and Hidden RSI Divergences between price action and the RSI oscillator.
It plots divergence lines directly on the chart, labels signals, and includes alerts for automated monitoring.
🧠 How It Works
1. RSI Calculation
RSI is calculated using the selected Source (default: Close) and RSI Length (default: 14).
2. Divergence Detection via Fractals
Swing points on both price and RSI are detected using fractal logic (5-bar patterns).
Regular Divergence:
Bearish: Price forms a higher high, RSI forms a lower high.
Bullish: Price forms a lower low, RSI forms a higher low.
Hidden Divergence:
Bearish: Price forms a lower high, RSI forms a higher high.
Bullish: Price forms a higher low, RSI forms a lower low.
3. Auto Drawing Lines
Lines are drawn automatically between divergence points:
Red = Regular Bearish
Green = Regular Bullish
Orange = Hidden Bearish
Blue = Hidden Bullish
Line width and transparency are adjustable.
4. Labels and Alerts
Labels mark divergence points with up/down arrows.
Alerts trigger for each divergence type.
📈 How to Use
Use Regular Divergences to anticipate trend reversals.
Use Hidden Divergences to confirm trend continuation.
Combine with support/resistance, trendlines, or volume for higher probability setups.
Recommended Timeframes: Works on all timeframes; more reliable on 1h, 4h, and Daily.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
Source (Close, HL2, etc.)
RSI Length
Toggle Regular / Hidden Divergence visibility
Toggle Lines / Labels
Line Width & Line Transparency
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before using in live trading.
Advanced Gold Scalping Strategy with RSI Divergence# Advanced Gold Scalping Strategy with RSI Divergence
## Overview
This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price action and RSI movements.
## Key Components
### 1. RSI Calculation
- Uses a customizable RSI length (default: 60)
- Allows selection of the source for RSI calculation (default: close price)
### 2. Moving Average of RSI
- Supports multiple MA types: SMA, EMA, SMMA (RMA), WMA, VWMA, and Bollinger Bands
- Customizable MA length (default: 3)
- Option to display Bollinger Bands with adjustable standard deviation multiplier
### 3. Divergence Detection
- Implements both bullish and bearish divergence identification
- Uses pivot high and pivot low points to detect divergences
- Allows for customization of lookback periods and range for divergence detection
### 4. Entry Conditions
- Long Entry: Bullish divergence when RSI is below 40
- Short Entry: Bearish divergence when RSI is above 60
### 5. Trade Management
- Stop Loss: Customizable, default set to 11 pips
- Take Profit: Customizable, default set to 33 pips
### 6. Visualization
- Plots RSI line and its moving average
- Displays horizontal lines at 30, 50, and 70 RSI levels
- Shows Bollinger Bands when selected
- Highlights divergences with "Bull" and "Bear" labels on the chart
## Input Parameters
- RSI Length: Adjusts the period for RSI calculation
- RSI Source: Selects the price source for RSI (close, open, high, low, hl2, hlc3, ohlc4)
- MA Type: Chooses the type of moving average applied to RSI
- MA Length: Sets the period for the moving average
- BB StdDev: Adjusts the standard deviation multiplier for Bollinger Bands
- Show Divergence: Toggles the display of divergence labels
- Stop Loss: Sets the stop loss distance in pips
- Take Profit: Sets the take profit distance in pips
## Strategy Logic
1. **RSI Calculation**:
- Computes RSI using the specified length and source
- Calculates the chosen type of moving average on the RSI
2. **Divergence Detection**:
- Identifies pivot points in both price and RSI
- Checks for higher lows in RSI with lower lows in price (bullish divergence)
- Checks for lower highs in RSI with higher highs in price (bearish divergence)
3. **Trade Entry**:
- Enters a long position when a bullish divergence is detected and RSI is below 40
- Enters a short position when a bearish divergence is detected and RSI is above 60
4. **Position Management**:
- Places a stop loss order at the entry price ± stop loss pips (depending on the direction)
- Sets a take profit order at the entry price ± take profit pips (depending on the direction)
5. **Visualization**:
- Plots the RSI and its moving average
- Draws horizontal lines for overbought/oversold levels
- Displays Bollinger Bands if selected
- Shows divergence labels on the chart for identified setups
## Usage Instructions
1. Apply the script to a 1-minute XAUUSD (Gold) chart in TradingView
2. Adjust the input parameters as needed:
- Increase RSI Length for less frequent but potentially more reliable signals
- Modify MA Type and Length to change the sensitivity of the RSI moving average
- Adjust Stop Loss and Take Profit levels based on current market volatility
3. Monitor the chart for Bull (long) and Bear (short) labels indicating potential trade setups
4. Use in conjunction with other analysis and risk management techniques
## Considerations
- This strategy is designed for short-term scalping and may not be suitable for all market conditions
- Always backtest and forward test the strategy before using it with real capital
- The effectiveness of divergence-based strategies can vary depending on market trends and volatility
- Consider using additional confirmation signals or filters to improve the strategy's performance
Remember to adapt the strategy parameters to your risk tolerance and trading style, and always practice proper risk management.
Big Candle Identifier with RSI Divergence and Advanced Stops1. Strategy Objective
The main goal of this strategy is to:
Identify significant price momentum (big candles).
Enter trades at opportune moments based on market signals (candlestick patterns and RSI divergence).
Limit initial risk through a fixed stop loss.
Maximize profits by using a trailing stop that activates only after the trade moves a specified distance in the profitable direction.
2. Components of the Strategy
A. Big Candle Identification
The strategy identifies big candles as indicators of strong momentum.
A big candle is defined as:
The body (absolute difference between close and open) of the current candle (body0) is larger than the bodies of the last five candles.
The candle is:
Bullish Big Candle: If close > open.
Bearish Big Candle: If open > close.
Purpose: Big candles signal potential continuation or reversal of trends, serving as the primary entry trigger.
B. RSI Divergence
Relative Strength Index (RSI): A momentum oscillator used to detect overbought/oversold conditions and divergence.
Fast RSI: A 5-period RSI, which is more sensitive to short-term price movements.
Slow RSI: A 14-period RSI, which smoothens fluctuations over a longer timeframe.
Divergence: The difference between the fast and slow RSIs.
Positive divergence (divergence > 0): Bullish momentum.
Negative divergence (divergence < 0): Bearish momentum.
Visualization: The divergence is plotted on the chart, helping traders confirm momentum shifts.
C. Stop Loss
Initial Stop Loss:
When entering a trade, an immediate stop loss of 200 points is applied.
This stop loss ensures the maximum risk is capped at a predefined level.
Implementation:
Long Trades: Stop loss is set below the entry price at low - 200 points.
Short Trades: Stop loss is set above the entry price at high + 200 points.
Purpose:
Prevents significant losses if the price moves against the trade immediately after entry.
D. Trailing Stop
The trailing stop is a dynamic risk management tool that adjusts with price movements to lock in profits. Here’s how it works:
Activation Condition:
The trailing stop only starts trailing when the trade moves 200 ticks (profit) in the right direction:
Long Position: close - entry_price >= 200 ticks.
Short Position: entry_price - close >= 200 ticks.
Trailing Logic:
Once activated, the trailing stop:
For Long Positions: Trails behind the price by 150 ticks (trail_stop = close - 150 ticks).
For Short Positions: Trails above the price by 150 ticks (trail_stop = close + 150 ticks).
Exit Condition:
The trade exits automatically if the price touches the trailing stop level.
Purpose:
Ensures profits are locked in as the trade progresses while still allowing room for price fluctuations.
E. Trade Entry Logic
Long Entry:
Triggered when a bullish big candle is identified.
Stop loss is set at low - 200 points.
Short Entry:
Triggered when a bearish big candle is identified.
Stop loss is set at high + 200 points.
F. Trade Exit Logic
Trailing Stop: Automatically exits the trade if the price touches the trailing stop level.
Fixed Stop Loss: Exits the trade if the price hits the predefined stop loss level.
G. 21 EMA
The strategy includes a 21-period Exponential Moving Average (EMA), which acts as a trend filter.
EMA helps visualize the overall market direction:
Price above EMA: Indicates an uptrend.
Price below EMA: Indicates a downtrend.
H. Visualization
Big Candle Identification:
The open and close prices of big candles are plotted for easy reference.
Trailing Stop:
Plotted on the chart to visualize its progression during the trade.
Green Line: Indicates the trailing stop for long positions.
Red Line: Indicates the trailing stop for short positions.
RSI Divergence:
Positive divergence is shown in green.
Negative divergence is shown in red.
3. Key Parameters
trail_start_ticks: The number of ticks required before the trailing stop activates (default: 200 ticks).
trail_distance_ticks: The distance between the trailing stop and price once the trailing stop starts (default: 150 ticks).
initial_stop_loss_points: The fixed stop loss in points applied at entry (default: 200 points).
tick_size: Automatically calculates the minimum tick size for the trading instrument.
4. Workflow of the Strategy
Step 1: Entry Signal
The strategy identifies a big candle (bullish or bearish).
If conditions are met, a trade is entered with a fixed stop loss.
Step 2: Initial Risk Management
The trade starts with an initial stop loss of 200 points.
Step 3: Trailing Stop Activation
If the trade moves 200 ticks in the profitable direction:
The trailing stop is activated and follows the price at a distance of 150 ticks.
Step 4: Exit the Trade
The trade is exited if:
The price hits the trailing stop.
The price hits the initial stop loss.
5. Advantages of the Strategy
Risk Management:
The fixed stop loss ensures that losses are capped.
The trailing stop locks in profits after the trade becomes profitable.
Momentum-Based Entries:
The strategy uses big candles as entry triggers, which often indicate strong price momentum.
Divergence Confirmation:
RSI divergence helps validate momentum and avoid false signals.
Dynamic Profit Protection:
The trailing stop adjusts dynamically, allowing the trade to capture larger moves while protecting gains.
6. Ideal Market Conditions
This strategy performs best in:
Trending Markets:
Big candles and momentum signals are more effective in capturing directional moves.
High Volatility:
Larger price swings improve the probability of reaching the trailing stop activation level (200 ticks).
MG - Real time RSI divergenceShows RSI divergences in real time (as soon as bar closes in divergence instead of waiting for an RSI pivot).
There are alerts included on these events so you are immediately made aware of divergence.
Adjustement:
It works by detecting a break of a previous high or low and then comparing the RSI value at the last break to the current break. Therefore, by decreasing the adjacent candles required for a pivot, you increase the number of divergence checks and therefore divergence readings. As with many indicators, with higher the values, you get less but more significant signals. (This can be visualized with the plot pivot lines option)
RSI period can be adjusted
BEST RSI Divergences Screener (Regular and Hidden)Hello traders
My way to fight this situation is to stay productive.
Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again
I - Concept
This is an upgrade of this script which captured only the regular divergences
This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong regular and hidden divergences
The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life
On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart
II - How did I set the screener
The visual signals are as follow:
- square: whenever a regular or hidden divergence is detected
Then the colors are:
- green when there is bullish divergence
- red when there is bearish divergence
🔔🔔 I also added the alerts for capturing those bullish/bearish divergences
III - Does it repaint?
It should not :)
Best regards
Dave
Zero-Lag RSI DivergenceZero-Lag RSI Divergence
Overview
This indicator identifies RSI divergences in real-time without delay, providing immediate signals as price-momentum discrepancies develop. The indicator analyzes price action against RSI momentum across dual configurable periods, enabling traders to detect potential reversal opportunities with zero lag.
Key Features
Instant Divergence Detection : Identifies bullish and bearish divergences immediately upon formation without waiting for candle confirmation or historical validation. This eliminates signal delay but may increase false signals due to higher sensitivity.
Dual Period Analysis : Configure detection across two independent cycles - Short Period (default 15) and Long Period (default 50) - allowing for multi-timeframe divergence analysis and enhanced signal validation across different market conditions.
Visual Divergence Lines : Automatically draws dashed lines connecting divergence points between price highs/lows and corresponding RSI peaks/troughs, clearly illustrating the momentum-price relationship.
Customizable RSI Parameters : Adjustable RSI length (default 14) allows optimization for different market volatility and trading timeframes.
How It Works
The indicator continuously monitors price action patterns and RSI momentum:
- Bullish Divergence : Detected when price makes lower lows while RSI makes higher lows, suggesting potential upward momentum
- Bearish Divergence : Identified when price makes higher highs while RSI makes lower highs, indicating potential downward momentum
The algorithm uses candle color transitions and immediate RSI comparisons to trigger signals without historical repainting , ensuring backtesting accuracy and real-time reliability.
How To Read
Important Notes
Higher Signal Frequency : The zero-lag approach increases signal sensitivity, generating more frequent alerts that may include false signals. Consider using additional confirmation methods for trade entries.
Non-Repainting : All signals are generated and maintained without historical modification, ensuring consistent backtesting and forward-testing results.
Input Parameters
RSI Length: Period for RSI calculation (default: 14)
Short/Long Periods: Lookback periods for divergence detection (default: 15/50)
Line Colors: Customizable colors for short and long period divergence lines
Label Settings: Optional divergence labels with custom text
This indicator is designed for traders seeking immediate divergence identification across multiple timeframes while maintaining signal integrity and backtesting reliability.
BEST RSI Divergences ScreenerHello traders
I hope you're all hanging on at home with what's going on these days...
The good news is.... it gives us more time to trade ^^.... #positive #attitude
I - Concept
This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong divergences
The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life
On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart
II - How did I set the screener
The visual signals are as follow:
- square: whenever a divergence is detected
Then the colors are:
- green when there is bullish regular divergence
- red when there is bearish regular divergence
Best regards
Dave
MACD-RSI Divergence OscillatorMACD-RSI Divergence Oscillator: Dual Confirmation with Momentum + Divergence Signals
This powerful oscillator combines MACD and RSI into a single normalized visual tool, enriched with automatic divergence detection and smart signal alerts. It’s designed to give traders advanced insights into momentum shifts and trend reversals.
Key Features:
• MACD + RSI Combo: Both indicators are scaled and merged into one oscillator for clearer interpretation.
• Automatic Divergence Detection:
• Bullish & Bearish divergences on both MACD and RSI
• Highlights strong divergences when both confirm
• Trading Signals:
• Detects MACD crossovers and RSI reversals
• Smart buy/sell signals based on momentum + divergence
• Custom Oscillator View:
• Plots MACD and RSI on the same scale
• Visual zero-line, overbought/oversold levels, and customizable colors
• Optional Dashboard Table:
• Displays live indicator values, signal states, and divergence status
Ideal For:
• Spotting early trend reversals
• Confirming trade entries/exits
• Avoiding false signals using dual indicator logic
Highly customizable and suitable for all timeframes and asset types.
Prices / RSI divergences detectorPrices / RSI divergences detector.
Display both hidden and regular divergences.
I used it with my own RSI indicator. You can find the script here:
Triple RSI DivergenceTriple rsi divergence
Sure! Here's a clear explanation in English of the Triple RSI Divergence Pine Script I shared earlier:
---
Explanation of the Triple RSI Divergence Pine Script
This Pine Script is designed to detect triple divergence patterns between the RSI (Relative Strength Index) and price action, which can signal potential trend reversals.
---
What is Triple Divergence?
Triple divergence occurs when price creates three consecutive higher highs (in an uptrend) or lower lows (in a downtrend), while the RSI moves in the opposite direction — forming lower highs or higher lows respectively.
This pattern is considered a strong reversal signal because it indicates momentum is weakening despite price continuing its trend.
---
What This Script Does:
Calculates RSI (14-period)
Identifies three recent highs/lows in price and RSI
Checks for:
Bearish triple divergence: price makes 3 higher highs, RSI makes 3 lower highs.
**Bullish
[Sisyphe] rsi divergences [RSI side]This indicator must be completed by rsi divergences
It plots rsi regular divergences until five levels back and prioritize the largest divergence.
[Sisyphe] rsi divergences [chart side]This indicator must be completed by rsi divergences
It plots rsi regular divergences until five levels back and prioritize the largest divergence.
