RSI Divergence Indicator (I-RSI-MK-V3)

278 10 36
Name: Indicator RSI MK V3
Short Name: I-RSI-MK-V3

Shows RSI Divergence. A red label called R1 means a prediction of an upcoming price reversal where the price will drop. A green label called R1 means the same thing but predicts the price will go up. The H1 labels mean the price will continue the current trend, so a redH1 means the price will continue to drop.

Optionally you can use this with indicator RSI-O-V3-MARK to see the price changes that support the divergence.

Release Notes: Added support for Alerts on divergence.
Remove from Favorite Scripts Add to Favorite Scripts
hi, would you give me access? thank you
+1 Reply
This is an *amazing* script. It's extremely clear and easy to read. Thank you so very much!!!!!
This is an *amazing* script. It's extremely clear and easy to read. Thank you so very much!!!!!
Looks very good, would it be possible to try?


Hey! Thanks so much for sharing this. I'm impressed. I have a few questions:

1- will the red and green R1 H1 labels "push" to the chart automatically? Or will it require a chart refresh.
2-In your experience, how long after a label appears do you see the price react?
3- I understand this indicator works best on the 4 hour, but have you tried on the daily? Also, have you tested on the 2 hour?

Really keen to start using this and providing you with feedback. Thanks again!
for example, right now we are signalling a Green R1 on the 6 hour but not on the 4 hour. What are your thoughts on that?
So as with any indicator. Once you see a signal on 6 hour, then wait for signal on 4 hour and keep going down time periods until you hit 15 min - that way you know when to get in where it is most profitable.
@rbenz, I am also working on this indicator so it runs against multiple time periods to find best entry point.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out