Relative Strength Index (Log/Divs/MTF/EMA) — Indicator by NeoButane

relativestrengthindex logscale divergence rsidivergence

RSI calculated for log scale, with divergences labeled, as well as a 1 hour 55 EMA for signal.

Original log-space RSI by fskrypt.
Divergences taken from JustUncleL, originally from RicardoSantos.

Release Notes:

Added EMA length input

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?