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RSI Divergence Tops + Bottoms

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Relative Strength Index (RSI) Divergence TOPS bottoms peaks troughs
2525
7
relativestrengthindex divergence tops bottoms peaks troughs
RSI Indicator which plots local peaks and troughs in divergence.

Divergence is specified as:
- A higher price, with reduced RSI --> Potential Sell Point
- A lower price, with higher RSI --> Potential Buy Point

RSI Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.

Read more about trading RSI Divergence on Investopedia here: www.investopedia.com...erstanding-momentum/
www.capriole.com
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.

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