RSI Divergence Indicator - Trading Vidhyalaya

21 May

This indicator automatically identifies RSI-based bullish and bearish divergences and visually marks them directly on the candlestick chart, making it easier for traders to spot potential reversals.

✅ Key Features:
Bullish Divergence
When the price makes a lower low, but the RSI makes a higher low, the indicator highlights the candle with a green arrow or label to signal potential upward reversal.

Bearish Divergence
When the price makes a higher high, but the RSI forms a lower high, the indicator marks the candle with a red arrow or label to indicate a possible downside move.

Real-time Detection
Divergences are plotted in real-time, helping traders react quickly to changing market conditions.

Candlestick Overlay
Signals are shown directly on the chart, rather than below in a separate panel, allowing for faster and clearer decision-making.

📊 Benefits:
Helps in identifying early trend reversals

Works well with other indicators like MACD, Moving Averages, or Volume

Great for both beginners and advanced traders

Saves time by automating divergence spotting, reducing manual errors

21 May

Sürüm Notları

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