RSI Exhaustion + Divergence — Indicator by francxisz

relativestrengthindex rsidivergence rsi_divergence relativestrength topandbottom reversal

The Relative Strength Index Exhaustion with Divergence is an essential replacement of the standard Relative Strength Index Oscillator because it's able to identify and highlight hidden exhaustions together with Bullish/Bearish Regular and Hidden Divergences.
This indicator can give the outmost probability in spotting trend reversals or trend continuation.
By identifying hidden exhaustion momentum, the Relative Strength Index Exhaustion indicator represents an essential support to the trader in effectively reading the market and grabbing the best opportunities.
This detects divergences between price and indicator with 1 candle delay so it filters out repeating divergences.
Recommended to use this at a higher timeframe to lessen the false signals.

Red Arrow = Bullish/Bearish Divergence
White Arrow = Hidden Bullish/Bearish Divergence

Release Notes:

Added input source.

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