% Divergence of RSI

6 Ağu 2021

A simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means divergence is increasing. If oscillator moves down as price moves up, it means divergence is decreasing.

6 Ağu 2021

Sürüm Notları

Better default values.

8 Ağu 2021

Sürüm Notları

Finalized? I probably uploaded this too early. Oh well...

+ absolute value underlay
+ color highlights based on Bollinger Band.
+ purple > 0 is buy signal, blue > 0 is sell signal. ABS shown to more easily compare strength of all divergences.
+ best buys are when background highlighted blue or teal - in upper bollinger band range or broke out, stronger divergences!
+ BB crosses shown in orange and yellow like the respective lines
+ Crosses of 0 line highlighted in green and lime.

8 Ağu 2021

Sürüm Notları

better value and chart

9 Ağu 2021

Sürüm Notları

fixed range