RSI with Highlights and Divergences — Indicator by alexpunct

relativestrengthindex divergence rsidivergence candles

This script is an RSI replacement, useful especially for Day traders (15m or less) but can be used as a normal RSI by changing the settings to 14 / 70 / 30

Features:
- RSI with adjusted settings for lower time frames
- highlight when RSI and price diverge when RSI is at extremes
- highlight of the Overbought and Oversold conditions
- 50% line
- candle colors for Overbought and Oversold conditions

Release Notes:

Changed RSI color to subtle gradient

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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?