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RSI Divergence Multi-Timeframe Alert
[Indicator] RSI Divergence & Dual Moving Average (EMA 9 / WMA 45)
The Perfect Synergy of Momentum and Trend Following
This indicator is a comprehensive trading system designed to merge trend-following logic with high-probability reversal signals. It provides a clean, visual approach to the markets by combining three essential components: RSI 14, EMA 9, and WMA 45.
💡 Trading Philosophy
The biggest challenge for any trader is catching a reversal without fighting the primary trend. This system solves that by using a "Triple-Filter" approach:
WMA 45 (Weighted Moving Average - The Backbone): Acts as your primary trend filter. By giving more weight to recent data, it offers a smoother yet more responsive trend line compared to a standard SMA.
EMA 9 (Exponential Moving Average - The Trigger): A fast-reacting average that identifies short-term momentum shifts and provides early entry points.
RSI 14 (Relative Strength Index - The Engine): Measures price velocity and automatically identifies Divergence/Convergence—the most reliable signs of trend exhaustion.
✨ Key Features
Auto Divergence Detection: Automatically identifies and plots Bullish/Bearish Divergences directly on the RSI oscillator, saving you from "eye-straining" manual analysis.
Smart Trend Filtering: Eliminates market noise. The system suggests looking for Longs only when price is above the WMA 45 and Shorts when below.
Integrated Alert System: Set up custom alerts for RSI Divergences or Moving Average crossovers, so you never miss a high-quality setup while away from your screen.
🛠 How to Trade with This System
Define the Bias: Check the price position relative to the WMA 45 to determine the major trend.
Identify Momentum Shifts: Look for an RSI Divergence alert near overbought (70) or oversold (30) levels.
Confirm the Entry: Enter when the EMA 9 crosses in your direction or when the price successfully retests the EMA 9 after a divergence signal.
📝 Pro Tips
Timeframes: Best performed on H1, H4, and Daily charts to minimize market noise.
Confluence: For the highest win rate, look for divergences that occur at key Support/Resistance or Supply/Demand zones.
Risk Management: Always use a stop-loss and consider the WMA 45 as a dynamic trailing stop.
Happy Trading! If you find this script helpful, please leave a Like and Follow for more professional trading tools.
The Perfect Synergy of Momentum and Trend Following
This indicator is a comprehensive trading system designed to merge trend-following logic with high-probability reversal signals. It provides a clean, visual approach to the markets by combining three essential components: RSI 14, EMA 9, and WMA 45.
💡 Trading Philosophy
The biggest challenge for any trader is catching a reversal without fighting the primary trend. This system solves that by using a "Triple-Filter" approach:
WMA 45 (Weighted Moving Average - The Backbone): Acts as your primary trend filter. By giving more weight to recent data, it offers a smoother yet more responsive trend line compared to a standard SMA.
EMA 9 (Exponential Moving Average - The Trigger): A fast-reacting average that identifies short-term momentum shifts and provides early entry points.
RSI 14 (Relative Strength Index - The Engine): Measures price velocity and automatically identifies Divergence/Convergence—the most reliable signs of trend exhaustion.
✨ Key Features
Auto Divergence Detection: Automatically identifies and plots Bullish/Bearish Divergences directly on the RSI oscillator, saving you from "eye-straining" manual analysis.
Smart Trend Filtering: Eliminates market noise. The system suggests looking for Longs only when price is above the WMA 45 and Shorts when below.
Integrated Alert System: Set up custom alerts for RSI Divergences or Moving Average crossovers, so you never miss a high-quality setup while away from your screen.
🛠 How to Trade with This System
Define the Bias: Check the price position relative to the WMA 45 to determine the major trend.
Identify Momentum Shifts: Look for an RSI Divergence alert near overbought (70) or oversold (30) levels.
Confirm the Entry: Enter when the EMA 9 crosses in your direction or when the price successfully retests the EMA 9 after a divergence signal.
📝 Pro Tips
Timeframes: Best performed on H1, H4, and Daily charts to minimize market noise.
Confluence: For the highest win rate, look for divergences that occur at key Support/Resistance or Supply/Demand zones.
Risk Management: Always use a stop-loss and consider the WMA 45 as a dynamic trailing stop.
Happy Trading! If you find this script helpful, please leave a Like and Follow for more professional trading tools.
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Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. Można z tego korzystać swobodnie i bez żadnych ograniczeń — więcej informacji znajduje się tutaj.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.