Relative Bond Divergence [LuciTech]

RBD INDICATOR vs STRATEGY COMPARISON
FEATURES:
✅ Core RBD divergence detection
✅ Advanced filtering (Sweep, No BOS, Engulfing)
✅ Visual divergence lines and alerts
✅ Clean chart display
✅ All timeframes supported
✅ Customizable visual settings
❌ No automated trading
❌ No risk management
❌ No position sizing
❌ No stop loss/take profit automation
❌ No backtesting metrics

OVERVIEW
The RBD Indicator is a pure technical analysis tool that identifies high-probability reversal opportunities by detecting divergences between price action and RSI momentum when RSI reaches Bollinger Band extremes. This indicator focuses solely on signal identification without any automated trading features.

KEY FEATURES

Core RBD Detection:
- RSI-Price divergence analysis using pivot points
- Bollinger Band filtering for RSI extremes only
- Visual divergence lines with gradient glow effects
- Customizable pivot length for swing point identification
- Real-time divergence detection and plotting

Advanced Signal Filtering:
- Require Sweep: Price must sweep beyond pivot levels before signal validation
- No BOS (Break of Structure): Signal must not break market structure
- Engulfing Candle Filter: Optional engulfing pattern requirement
- RSI x BB Break on 2nd Pivot: Additional RSI confirmation
- Single Divergence per Pivot: Prevents signal repetition

Visual Features:
- Clean divergence line display with glow effects
- Optional RSI x BB background highlighting
- Customizable colors for bullish and bearish signals
- Minimal chart clutter for clear analysis

HOW IT WORKS

Signal Identification:
1. Detects swing highs/lows using configurable pivot length
2. Confirms RSI is outside Bollinger Bands at pivot formation
3. Identifies when price and RSI move in opposite directions
4. Applies optional sweep and structure break filters
5. Displays visual divergence lines when conditions are met

Bullish RBD Signal:
- RSI below lower Bollinger Band at pivot low
- Price makes lower low while RSI makes higher low
- Optional: Price sweeps below pivot low (liquidity grab)
- Optional: No break of structure confirmation

Bearish RBD Signal:
- RSI above upper Bollinger Band at pivot high
- Price makes higher high while RSI makes lower high
- Optional: Price sweeps above pivot high (liquidity grab)
- Optional: No break of structure confirmation

CONFIGURATION

Basic Settings:
- Pivot Length: 5 (sensitivity adjustment)
- RSI Length: 14 (momentum calculation period)
- BB Length: 34 (Bollinger Band period)

Signal Filters:
- Single Divergence per Pivot: Prevent multiple signals
- Show RSI x BB Break: Background highlighting option
- Use Engulfing Candle: Pattern confirmation filter
- RSI x BB Break on 2nd Pivot: Additional confirmation

Advanced Filters:
- Require Sweep: Enable liquidity sweep validation
- No BOS: Enable break of structure filtering

Visual Settings:
- Customizable divergence line colors
- Adjustable line thickness and glow effects
- Optional background highlighting