Regular RSI indicator that can underline divergences, turn green or red specifying user specified bull/bear zones, and with a label showing the price needed to turn bull/bear!
Specify the inputs: + RSI Length + Bull Threshold + Bear Threshold + Panel Position Offset
Also with toggle-able: + Bullish Divergence + Bearish Divergence + Hidden Bullish Divergence + Hidden Bearish Divergence
The zones included in the indicator are default and not meant to be used for all markets. The goal is to alter the bull/bear zones to find good breakout points and selloff points for your chosen security. Does not currently support automatic zone creation, or saving zones for each security (if that is even possible, may just need to create different layouts for each security).
Thanks!
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Added the following: + Moving average line added with custom settings + Toggle-able RSI and MA lines + Changed RSI color to be more visible
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Added adjustable overbought and oversold lines
Made the RSI line width bigger
Reduced transparency of the red/green colors
Added ability to specify decimal places on the label
Added ability to toggle zones on and off
Added ability to toggle label on and off
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Adjusted the label to be in a fixed position on the right side of the indicator
@kylealberry, Thank you very much for this very useful indicator. Well done! I would like to set alarm, when the zones are changeing (bull treshhold, bear treshhold). Is it possible? That would be great!
RSIMoon007
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@kylealberry , pretty handy indicator. Thank you. Something that I noticed is that the DIVS are different depending if the chart is open in the desktop tradinview version versus the website version. Do you also have that issue?
Thx!
DotMarley
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Many thanks for this awesome indicator. Question, after a divergence has formed how many bars later will the indicator populate that divergence? On 'replay mode' it seems to take 2-3 bars.
DotMarley
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@kylealberry, also can we set an alert for when that divergence populates? thanks
DarkTidar
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Nice work! When choosing another source for RSI, nothing happens. Even though multiple choices show up, they only derive RSI from close.
foosho
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Thank you for the update ..
foosho
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Nice work Could you add the oversold and overbought line