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
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
הערות שחרור:
Added option to reverse the colors for RSI Stochastic OB / OS
הערות שחרור:
Adjusted colors for RSI Stoch. OB / OS
הערות שחרור:
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
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
הערות שחרור:
Added MFI and background highlights when MFI is OB/OS
הערות שחרור:
Set MFI OB/OS Highlights as default
הערות שחרור:
Optional Offset for divergences to where earliest entry can take place
Adjusted Alerts to be easier to see when selecting
Adjusted Alerts to be easier to see when selecting
הערות שחרור:
Mid Line Color According to RSI Above or Below Signal Line 1
הערות שחרור:
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
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
הערות שחרור:
Fixed Fault with signal line 2 - RSI
Added color OB / OS highlights of RSI 5 on standard RSI - Shows exhaustion
Changed some defaults
Added color OB / OS highlights of RSI 5 on standard RSI - Shows exhaustion
Changed some defaults
הערות שחרור:
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
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
הערות שחרור:
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
Please note that alerts are not setups in themselves, they are only there so you can be aware to start looking for setups