Caretaker's On-Pane Rsi Divergence Identifier

20 Eyl 2020

Caretakers On-Pane Rsi Div 5
This indicator is a divergence identification indicator, it uses a logic of defining a local high or low based upon multiple candle closes and then takes into account a user specified look back period to check for divergence in the RSI oscillator between two or more successive local highs/lows. RSI divergence is when price action is making two or more successive local highs or lows and the RSI oscillator makes a lower high or higher low respectively.

This indicator looks for both regular Bull & Bearish divergence as well as hidden Bull & Bearish divergence and is color coded. As default, green indicates regular bullish divergence , red indicates regular bearish divergence, orange indicates bearish hidden divergence and blue indicates hidden bullish divergence .

Dotted lines indicate that a signal is not fully confirmed but is in progress.

To request access please DM.

26 Eyl 2020

Sürüm Notları

Added new function that can apply the same divergence measurement to other indicators by selecting 'External Source'

5 Kas 2021

Sürüm Notları

Added several user defined calculations.
Added Cutler's version as as a user defined option. Users may now choose between Cutler's and Wilder's version of the RSI.

6 Kas 2021

Sürüm Notları

Added visibility inputs for user preferences.

13 Mar

Sürüm Notları

Added Offsets