RSI Screener and Divergence [5ema]

24 mar 2023

• Displayed on the RSI chart according to a custom timeframe.
  
• Displays the RSI tracking table of various timeframes.
  
• Identify normal divergence, hidden divergence on RSI chat.
  
• Show buy and sell signals (strong, weak) on the board.
  
• Send notifications when RSI has a buy or sell signal.
  

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I reused some functions, made by (i believe that):

• *©paaax: The table position function.*@everget: The RSI divergence function.*@QuantNomad: The function calculated value and array to show on table for input symbols.

I have commented in my code. Thanks so much!
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How it works:
1. Input :

• input.int length of RSI => calculate RSI.
  
• input.int upper/lower => checking RSI overbought/oversold.
  
• input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
  
• input.int range upper / lower bars => compare the low & high point => checking divergence.
  
• input.timeframe => request.security another time frame.
  
• input.string table position => display screener table.
  

2. Input bool:

• plot RSI on chart.
  
• Plot Regular Bullish divergence .
  
• Regular Bearish divergence.
  
• Hidden Bullish divergence .
  
• Hidden Bearish divergence.
  

3. Basic calculated:

• Make function for RSI , pivot low & high point of RSI and price.
  
• Request.security that function for earch time frame.
  
• Result RSI, Divergence.
  

4. Condition of signal:
Buy condition:

• RSI oversold (1)
  
• Bullish divergence (2).
  
• => Buy if (1) and (2), review buy (1) or (2).
  

Sell condition:

• RSI overbought (3).
  
• Bearish divergence (4).
  => Sell if (3) and (4), review sell (3) or (4).
  

5. Table screener:

• Time frame.
  
• RSI (green - oversold, red - overbought)
  
• Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
  
• Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)
  

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

24 mar 2023

Informacje o Wersji

Update the reused code:
Reused some functions from. I believe made by:

• ©paaax: The table position function.
• kingthies: The RSI divergence function.
  
• QuantNomad: The function calculated value and array screener for 40+ instruments.
  

Thanks!

24 mar 2023

Informacje o Wersji

Update chart sample.
thanks!

27 mar 2023

Informacje o Wersji

Change the signal shape: 🔴 - > red ⦿
Reason: Pine updated not support.
Thanks

27 mar 2023

Informacje o Wersji

Update divergence shape.
Reason: Pine changed to support.

28 mar 2023

Informacje o Wersji

Update signal shape.
Final:
>>: Regular Bull Divergence.
<<: Regular Bear Divergence.
>: Hidden Bull Divergence.
<: Hidden Bear Divergence.
Green ⦿: Buy.
Red ⦿: Sell.
Green 〇: Review Buy.
Red 〇: Review Sell.
---
Reason change: Pine update not to support special symbol.
Thanks.

3 kwi 2023

Informacje o Wersji

Updated Alert conditions and message.

5 kwi 2023

Informacje o Wersji

Update:

• Modified Alert.
  
• Select only strong signal or all.
  

Thanks!

11 kwi 2023

Informacje o Wersji

Update position of signal.
thanks!

11 kwi 2023

Informacje o Wersji

Some bros recommend me to return the signal shape to the original.
thanks.

22 kwi 2023

Informacje o Wersji

Update: Add the Alert for Regular Divergence (review Buy, Sell).
thanks!

24 kwi 2023

Informacje o Wersji

Update: changed title and short title
thanks!

24 sie 2023

Informacje o Wersji

Update:

• Position some items.
  
• Tooltip of some items.
  

24 sie 2023

Informacje o Wersji

Update:
Change content of Alert.

24 paź 2023

Informacje o Wersji

add RSI MA

24 paź 2023

Informacje o Wersji

add Overbought and Oversold fill color

6 lis 2023

Informacje o Wersji

Add strong signal condition

7 lis 2023

Informacje o Wersji

modify condition

18 lut 2024

Informacje o Wersji

• Optimizing the code
  
• Add theme color