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DivergenceRSIMA

The indicator shows the divergence between the RSI and the close price of the current chart timeframes M1, M5, M15, M30, H1, H4.

  • Red line - divergence of the oscillator and the prices for selling.
  • Green line - divergence for buying.

The second point of each divergence is also marked on the chart as a pivot point for entering a trade.

Settings:

  • RSI_Period - the RSI period.
  • MA_Period - the RSI averaging period.
  • Period_div - the depth of the blocks to find the maximum or minimum of RSI in bars.
  • Period_div_shift - the distance between two blocks in bars.
  • DeepBars - the depth of history.
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