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RSI Momentum Div With Buy/Sell Signals [TCMaster]
🔍 Description:
This multi-functional indicator combines RSI Momentum Divergence detection with strong candlestick-based Buy/Sell signals, offering traders a powerful tool for identifying potential market reversals and momentum shifts.
✨ Features:
RSI Divergence Zones Detects bullish and bearish RSI divergences using pivot-based logic. Each divergence is visualized with a dynamic horizontal line that extends until price breaks the level. Once breached, the line switches to a dashed style to indicate invalidation.
Candlestick Signal Detection Highlights high-probability reversal patterns including:
3 Line Strike (bullish/bearish)
Engulfing candles (bullish/bearish)
Stochastic Filter Optional filter to confirm signals only when the market is in overbought or oversold zones, improving signal reliability.
Customizable Display Toggle RSI divergence and signal sections independently. Adjust colors, lookback settings, and signal logic to suit your strategy.
🧠 How to Use:
Use RSI divergence zones to anticipate potential reversal areas.
Combine candlestick signals with stochastic confirmation for stronger entries.
Watch for dashed divergence lines as a sign of invalidated setups.
⚙️ Settings:
RSI Length, Pivot Strength, Lookback Range
Stochastic %K smoothing and threshold levels
Enable/disable each signal type and visual layer
This multi-functional indicator combines RSI Momentum Divergence detection with strong candlestick-based Buy/Sell signals, offering traders a powerful tool for identifying potential market reversals and momentum shifts.
✨ Features:
RSI Divergence Zones Detects bullish and bearish RSI divergences using pivot-based logic. Each divergence is visualized with a dynamic horizontal line that extends until price breaks the level. Once breached, the line switches to a dashed style to indicate invalidation.
Candlestick Signal Detection Highlights high-probability reversal patterns including:
3 Line Strike (bullish/bearish)
Engulfing candles (bullish/bearish)
Stochastic Filter Optional filter to confirm signals only when the market is in overbought or oversold zones, improving signal reliability.
Customizable Display Toggle RSI divergence and signal sections independently. Adjust colors, lookback settings, and signal logic to suit your strategy.
🧠 How to Use:
Use RSI divergence zones to anticipate potential reversal areas.
Combine candlestick signals with stochastic confirmation for stronger entries.
Watch for dashed divergence lines as a sign of invalidated setups.
⚙️ Settings:
RSI Length, Pivot Strength, Lookback Range
Stochastic %K smoothing and threshold levels
Enable/disable each signal type and visual layer
Skrypt chroniony
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Wyłączenie odpowiedzialności
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrypt chroniony
Ten skrypt został opublikowany jako zamknięty kod źródłowy. However, you can use it freely and without any limitations – learn more here.
Wyłączenie odpowiedzialności
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.