MACD and RSI divergence by Rexio v2 — Indicator by Rexio

relativestrengthindex macd divergence rexio histogram

Hi everyone!
I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD/RSI/MACD's Histogram (or all at once - settings) when macd's histogram switchs trend. Im using it to playing with a trend most of the time looking for hidden divergence at higher time frame and after that looking for regular divergence at lower time frame.

Im not a computer programist nor professional trader so it is only for educational purposes only.

Open-source script

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