The "AC-P" version of Jaggedsoft's RSX Divergence and Everget's RSX script is my personal customized version of RSX with the following additions and modifications:
Please Note:
References/Acknowledgements:
//@version=4
// Copyright (c) 2019-present, Alex Orekhov (everget)
// Jurik RSX script may be freely distributed under the MIT license.
//
//-------------------------------------------------------------------
// Acknowledgements:
//---- Base script:
// RSX Divergence — SharkCIA by Jaggedsoft
// // Jurik Moving Average by Everget
//
//---- Divergences/Signals:
// Libertus RSI Divergences
// // Price Divergence Dectector V3 by JustUncle
// // Price Divergence Detector V2 by RicardoSantos
// // Stochastic RSI with Divergences by Neobutane
// // CCI Stochastic by Daveatt
//
//---- Misc. Reference:
// RSI SMA/EMA Cu by Auroagwei
// // CBCI Cu by Auroagwei
// // Chop and explode by fhenry0331
// // T-Step LSMA by RafaelZioni
// // Scripts by Jaggedsoft for structure and formatting
// Scripts by Everget for structure and formatting
//-------------------------------------------------------------------
// RSX-D v08
// Author: Auroagwei
// www.tradingview.com/u/auroagwei/
//-------------------------------------------------------------------
- LSMA-D line that averages in three LSMA components to form a composite, the LSMA-D line. Offset for the LSMA-D line is set to -2 to offset latency from averaging togther the LSMA components to form a composite - recommended to adjust to your timeframe and asset/pair accordingly.
- Divergence component from JustUncle, RicardoSantos, and Neobutane divergence scripts
- Crossover indication and alerts for Midline, and custom M1 and M2 levels for both RSX and the LSMA-D line from Daveatt's CCI Stochastic Script
- EMA21/55 zone cross highlighting option
- SMA9/EMA45 MA option from my RSI sma/ema Cu script
- Libertus Divergences and Pivot labels from Jaggedsoft's RSX Divergence script are hidden/off by default
- Designed for darkmode by default. Minor visual changes from Jaggedsoft's and Everget's script(s) for darkmode and visual aesthetic.
Please Note:
- Divergences that use fractal-based detection logic, offset, or a combination of both generally have a 1-2 bar/candle lag. This is an INHERENT limitation of divergence detection with fractals and offsets. Divergences generally will have a higher strikerate on HTF than LTF due to the 1-2 bar lag. While I'm not going to rule out a programming solution or math construct/formula that attempts to alleivates the 1-2 bar lag for divergences, this script is not it - please keep that in mind when using divergence components with a fractal base and offset.
- LSMA-D is a composite of three LSMA lines, all with offset options. Different lengths and Offset values can compensate/adjust for the smoothing/latency from RSX, but only up to a certain point. For each LSMA, the least square regression line is calculated for the previous time periods, so the idea is that with finely tuned adjustments, you can get crossover/crossunder signals from the RSX with the LSMA-D line that you simply can't get with the SMA9/EMA45 due to the already smoothed RSX.
- The defaults for the RSX and various components for the LSMA-D here will MOSTLY LIKELY NOT WORK OR BE APPLICABLE to every timeframe and asset that you trade - adjust, backtest, and test accordingly. The defaults are here are MEANT to be adjusted to the asset class and timeframe that you are trading.
- If you're not familiar with the LSMA, tradingview author Alexgrover has a few great scripts that go into detail how the LSMA works, in addition to different interpretations and implementations of the LSMA.
References/Acknowledgements:
//@version=4
// Copyright (c) 2019-present, Alex Orekhov (everget)
// Jurik RSX script may be freely distributed under the MIT license.
//
//-------------------------------------------------------------------
// Acknowledgements:
//---- Base script:
// RSX Divergence — SharkCIA by Jaggedsoft
// // Jurik Moving Average by Everget
//
//---- Divergences/Signals:
// Libertus RSI Divergences
// // Price Divergence Dectector V3 by JustUncle
// // Price Divergence Detector V2 by RicardoSantos
// // Stochastic RSI with Divergences by Neobutane
// // CCI Stochastic by Daveatt
//
//---- Misc. Reference:
// RSI SMA/EMA Cu by Auroagwei
// // CBCI Cu by Auroagwei
// // Chop and explode by fhenry0331
// // T-Step LSMA by RafaelZioni
// // Scripts by Jaggedsoft for structure and formatting
// Scripts by Everget for structure and formatting
//-------------------------------------------------------------------
// RSX-D v08
// Author: Auroagwei
// www.tradingview.com/u/auroagwei/
//-------------------------------------------------------------------