Triple RSI Divergence

Triple rsi divergence
Sure! Here's a clear explanation in English of the Triple RSI Divergence Pine Script I shared earlier:


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Explanation of the Triple RSI Divergence Pine Script

This Pine Script is designed to detect triple divergence patterns between the RSI (Relative Strength Index) and price action, which can signal potential trend reversals.


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What is Triple Divergence?

Triple divergence occurs when price creates three consecutive higher highs (in an uptrend) or lower lows (in a downtrend), while the RSI moves in the opposite direction — forming lower highs or higher lows respectively.

This pattern is considered a strong reversal signal because it indicates momentum is weakening despite price continuing its trend.


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What This Script Does:

Calculates RSI (14-period)

Identifies three recent highs/lows in price and RSI

Checks for:

Bearish triple divergence: price makes 3 higher highs, RSI makes 3 lower highs.

**Bullish