RSI Divergence PRO - Baby Whale
This RSI script will show you the following things:
When the RSI moves between the green lines (40 - 80++) we are in a Bull market.
If the RSI moves between the middle green and red line (40-60) we have some sideways action.
And yes, when the RSI is between the red lines (60 - 20--) we can say that we are in a Bear market.
The dashed lines in between are on every 10 points on the RSI .
All colors and lines are customisable.
The real MVP -1.38% of this scrip is the RSI Divergence spotter.
A little green or red triangle will show up on the chart when a RSI Divergence is formed.
The Divergence is only shown when it happens in overbought (70+) or oversold (30-) regions to avoid too many signals.
I highly recommend not to jump in on every signal you get, but also use multiple reasons, like Elliot Wave or fib levels, before entering a trade.
This Pro version is for paid subscribers of TradingView only.
It will give you the ability to create alert inside of TradingView.
If you want access, just send a message please.
Much love from Baby Whale!!
🙏❤️🐳
When the RSI moves between the green lines (40 - 80++) we are in a Bull market.
If the RSI moves between the middle green and red line (40-60) we have some sideways action.
And yes, when the RSI is between the red lines (60 - 20--) we can say that we are in a Bear market.
The dashed lines in between are on every 10 points on the RSI .
All colors and lines are customisable.
The real MVP -1.38% of this scrip is the RSI Divergence spotter.
A little green or red triangle will show up on the chart when a RSI Divergence is formed.
The Divergence is only shown when it happens in overbought (70+) or oversold (30-) regions to avoid too many signals.
I highly recommend not to jump in on every signal you get, but also use multiple reasons, like Elliot Wave or fib levels, before entering a trade.
This Pro version is for paid subscribers of TradingView only.
It will give you the ability to create alert inside of TradingView.
If you want access, just send a message please.
Much love from Baby Whale!!
🙏❤️🐳
הערות שחרור:
You now have the ability to change the RSI values to widen of tighten the RSI range where Divergence should be found.
Standard values:
70 for Bearish Divergence (min 50, max 100)
30 for Bullish Divergence (min 0, max 50)
I'll keep updating this script based on your feedback!
Standard values:
70 for Bearish Divergence (min 50, max 100)
30 for Bullish Divergence (min 0, max 50)
I'll keep updating this script based on your feedback!
הערות שחרור:
We will be trading on Binance as well.
Since we can't go short on Binance, it's not necessary to receive Bearish Divergence alerts.
So now there are two types of alerts:
1. RSI Divergence (BFX / BMEX)
- this alert will give both Bullish and Bearish alerts, to use on exchanges with margin trading (like Bitfinex and Bitmex).
2. Bullish RSI Divergence (BNC)
- this alert will ONLY give Bullish Divergence, to use on exchanges with only exchange trading (like Binance).
Since we can't go short on Binance, it's not necessary to receive Bearish Divergence alerts.
So now there are two types of alerts:
1. RSI Divergence (BFX / BMEX)
- this alert will give both Bullish and Bearish alerts, to use on exchanges with margin trading (like Bitfinex and Bitmex).
2. Bullish RSI Divergence (BNC)
- this alert will ONLY give Bullish Divergence, to use on exchanges with only exchange trading (like Binance).
הערות שחרור:
Standard RSI settings has been changed:
Bullish Divergence maximum RSI from 30 to 40.
Bearish Divergence minimum RSI from 70 to 60.
This will generate more alerts.
Bullish Divergence maximum RSI from 30 to 40.
Bearish Divergence minimum RSI from 70 to 60.
This will generate more alerts.