The indicator RSI + Divergences + Alerts by MisterMoTA is an RSI indicator that fills the RSI and RSI moving average with 4 different colors (growing up, falling up, falling down and rising down colors), users can customize colors from dashboard , also can be disabled the fill if the user want a standard RSI.
The dafault value of RSI is 14 and value of the moving average is 50 ( a dynamic 50 rsi line is better for trend identification than a standard 50 line) and users can change the values from indicator settings.
For detecting the divergences displayed in the indicator, I integrated in our script the default Divergences indicator from Tradingview, users can display, hide and change colors for regular and hidden divergences.
RSI indicator display also trend conditions for RSI and RSI MA, the RSI MA angle is calculated using ATR value, the slope of the RSI Noving Average can help to identify trend conditions too.
The script comes with 12 different alerts, if need different alerts please let me know in the comments and will update the script with your request:
Alert for Regular Bullish Divergence
Alert for Regular Bearish Divergence
Alert for Hidden Bullish Divergence
Alert for Hidden Bearish Divergence
Alert for RSI Overbought
Alert for RSI Extreme Overbought
"Alert for RSI Oversold
Alert for RSI Extreme Oversold
Alert for RSI Crossing Above RSI MA
Alert for RSI Crossing Bellow RSI MA
Alert for RSI Crossing Above 50
Alert for RSI Crossing Bellow 50
Please follow me for other script like this one.
Kind regards, MisterMoTA
הערות שחרור
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Removed plotshape function from the divergence script as was generating warnings after latest pine script updates and replaced with label.new.
Set the RSI Moving Average length to default 14, user can change the value to any value they want from dashboard (old default value was 50).
Set the fill to false, if you like to add fill to rsi and MA just click on the checkbox from dashboard
Added trend colors for RSI and RSI MA
Added an RSI lenght 2 and an RSI length 5 with for an extra confirmation for trend direction, users can disable the rsi plots from dashboard.
Added to plots of divergences "display = display.pane", so on scale divergences info to be hidden.
הערות שחרור
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Deleted the moving average fill and the MA label from oscillator
Added 3 Higher Tmeframes RSI labels in oscillator
Added Input for second and third rsi (default they are hidden now)
Added Bullish and Bearish zones and replaced default 40-60 levels
Changed default MA type to RMA with a length of 7, as seems is the best setting for MA of the RSI, users can change it anyway to what values and types they want
Nice work but alerts are triggered 1h15 later. Can someone tell me why??
MisterMoTA
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@tonix_77, the script is using the default Tradingview divergence script integrated into our script, there are 5 candles to look back, so that is the lag, only after the number of candles that the script requires to find divergences will print them, default is 5 look right and 5 look left for pivots finding.
exception_06
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Thank you for adding this. Is there away to plot the divergence in real time rather than waiting for bar close?
MisterMoTA
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@exception_06, yes, it is possible, there are 2 options: 1- just need to change the settings of the number of bars to the right to 0, but that need to confirm with other indicators that will not be a fake divergence, like dmi or stochastic or macd; 2 need to alter the code, but the code to display real divergences is to long, you can check ne next indicaotr code or just add it to diplay real time divergences for any indicator : tradingview.com/script/myEwkFqr-Realtime-Divergence-for-Any-Indicator/