Support Board
Date/Time: Thu, 03 Jul 2025 01:00:07 +0000
Post From: RSI divergence indicator
| [2015-08-31 13:07:16] |
| User957218 - Posts: 1 |
|
Hi, Has anyone done a good RSI divergence indicator that shows regular and reverse divergence? IF you have, do you mind posting the code here? If it hasn't been done, and someone wants to tackle it, could you add the logic that the indicator only shows the divergences (both regular and reverse) that have a clear line of sight for the rsi line between the peaks or troughs. When divergence don't cut through the indicator, it tends to filter out the best signals. You'd also need to add some logic for a % divergence as cut off point. Meaning, the indicator must only show the divergences that have a difference between the start and end points greater than X%, which can be set as a variable. This type of divergence indicator will need a peak and trough finder, so the events obviously get alerted at the 2nd bar's open, after the reversal point. I've this type of indicator in another platform, and the quality of the signals is second to none of trading divergences. Can someone help? Thanks. |