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Pinsecript conversion

MQL5 Indicators

Job finished

Execution time 1 day
Feedback from customer
Awesome dev and good work for this quick pinescript conversion.
Feedback from employee
Project was smooth. Clear descriptions from the client. Would love to work on more tasks together!

Specification

First thing, i want the EXACT same result give by the indicator from Tradingview. Broker is available on TV and MQ5 so it's easy to compare. Job will be finished only if the conversion give the same values.

I need buffers to get results and to be able to use them on Ea. 

Indicator is RSI Divergence from ProfitRobots. Code is also available on Github. 

I need to get the last values in buffer and i need to get the levels as well.

HBR= Hidden Bearish Divergence
BL = Bullish Divergence
BR= Bearish Divergence
HBL = Hidden Bullish Divergence


This is how it works:

It searches for peaks on the RSI indicator (not on the price!):
  • when the RSI values greater than two values before and after that value it's a peak
  • when the RSI values lesser than two values before and after that value it's a trough

NOTE: The peak/trough could be detected only after two new bars are formed!

The indicator remembers high/low price on the bar with the peak/trough. When the indicator value at the peak is lower than the indicator value at the previous peak and the low price at the current peak is higher than the low price at last peak then it's a hidden bullish. Vice versa for the trough.

So, this indicator can detect the next cases:
  • indicator fall + high rise = regular bearish
  • indicator rise + high fall = hidden bearish
  • indicator rise + low fall = regular bullish
  • indicator fall + low rise = hidden bullish



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