This is just upgrade upon my already released RSI divergences script. Divergences detection is exactly same, no difference. I'm releasing this version because I got few requests for divergences indicator above price bars, so it doesn't take additional screen space.
New in this version is:
ability to remove pivots
ability to display smaller/shorter labels
predefined look back period for different time frames
Happy trading and good luck!
As always, I appreciate comments and likes!
If you find this useful and want to reward me: BTC TIP JAR: 1i7nojAjxFuyFwvnZx6hbXBTLkWaUjZ8C
This indicator seems very promising. One question; I would like to use it for basic scalping, like on 3 - 5 and 15 timeframes. What RSI level should I go with for those timeframes? Should I still stick with 14 or should I lower it to 7 or even to 2? Thanks in advance. Best!
Cryptoisfutur4
⋅
@kagansoyubol, U should use 3-5 timeframes and stick with 14
enc0dex264
⋅
does the indicator show up immediately on candle close? or it is delayed?
Gracias
⋅
Dude, it's better to mark the candle than the RSI indicator.
How do you mark an alarm on a candle?
Libertus
⋅
@Gracias, same as any alert on any script. Right click on flag above/bellow candle and "Add RSI div alert..." or make new alert and choose RSI Div script and then setup alert to your liking.
Hi there, great tool! thx! Just a question; what weights heavier: a PIVOT or BEAR/BULL sign? I mean what's the diverrence? Cheers
UnknownUnicorn5339628
⋅
Hi. Been using this indicator for last 8 months and I must accept this has made my life easier than before. Is this available for MT4 too? Would be very helpful. Thanks.
mnavis29
⋅
Hi Mate, would you mind sharing your script?
Libertus
⋅
@mnavis29, It's a free script, just add it to your chart.