Pivot RSI Indicator

Pivot RSI Indicator – Pivot Points, RSI with Divergence Detection, and Automatic Trend Lines

Pivot RSI Indicator is a technical analysis tool that combines three concepts into a single indicator: Pivot Points, RSI momentum analysis, and automatic swing-based trend lines with divergence detection.

Pivot Points (Multi-Timeframe)

The indicator displays the Pivot Point (PP) along with Support and Resistance levels (S1-S3, R1-R3). Pivots are calculated from a timeframe selected by the user (H1, H4, D1, etc.), independent of the chart timeframe being viewed. R2/S2 and R3/S3 levels can be shown or hidden. Colors, line style, and line thickness are adjustable.

RSI Oscillator with Five Reference Levels

RSI is displayed in a dedicated subwindow with an adjustable period. Five threshold levels can be configured: Extreme Overbought, Overbought, Midline, Oversold, and Extreme Oversold.

Automatic RSI Divergence Detection

The indicator compares recent price swing highs and lows against the corresponding RSI values to identify bullish and bearish divergence. Connecting lines are drawn in the RSI subwindow, and optionally on the price chart, together with "Bullish Div" and "Bearish Div" labels. Colors, line style, and label size are adjustable.

Automatic Trend Lines (Swing High/Low)

Trend lines are plotted connecting recent swing highs (resistance) and swing lows (support), detected automatically from price action. The fractal sensitivity and lookback period used to detect these swing points can be adjusted, and separate colors can be set for resistance and support lines.

Summary

Pivot RSI Indicator brings pivot-based support and resistance, RSI momentum, and swing-based trend structure together in one indicator, intended for traders who use pivot levels alongside RSI extremes and divergence as part of their analysis. All colors, line styles, widths, RSI levels, fractal and trendline settings, and divergence display options are configurable through the input parameters. The indicator does not use DLL calls, does not connect to any external service, and does not collect user data.