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

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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.
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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!!!!!
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This is an *amazing* script. It's extremely clear and easy to read. Thank you so very much!!!!!
Reply
Looks very good, would it be possible to try?

Thanks,

Trombetta
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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!
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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?
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@rbenz,
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.
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@rbenz, I am also working on this indicator so it runs against multiple time periods to find best entry point.
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