RSI Divergence Indicator Automatic
- Indicadores
- Versão: 1.0
**RSI Divergence Auto for MT5**
is a MetaTrader 5 indicator that automatically identifies potential bullish and bearish divergences between price movement and the Relative Strength Index.
The indicator compares price highs and lows with RSI highs and lows. When it detects a difference between them, it displays the divergence directly on the chart.
Features - Automatic detection of potential bullish divergences. - Automatic detection of potential bearish divergences. - Visualization of Bull and Bear labels. - RSI line displayed in a separate window. - Helps identify potential changes in momentum. - Compatible with different symbols and timeframes. - Does not require external data. - Does not open, modify, or close trades.
**How to Use**
1\. Attach the indicator to a MetaTrader 5 chart. 2. Configure the RSI period according to your preferences. 3. Allow the indicator to analyze price and RSI movements. 4. Review the divergence labels and lines. 5. Use the information together with support, resistance, market structure, and risk management.
**Bullish Divergence**
A bullish divergence occurs when price forms a lower low while the RSI forms a higher low. This situation may indicate that bearish momentum is weakening.
**Bearish Divergence**
A bearish divergence occurs when price forms a higher high while the RSI forms a lower high. This situation may indicate that bullish momentum is weakening.
Divergences should not be interpreted as guaranteed entry or reversal signals. They should be confirmed using additional technical analysis tools.
**Input Parameters**
- RSI Period: Defines the number of candles used to calculate the RSI.
- Sensitivity Parameters: Control how relevant highs and lows are identified.
- Bullish Color: Color used for bullish divergences.
- Bearish Color: Color used for bearish divergences.
- Visual Settings: Allow the appearance of the lines and labels to be adjusted.
RSI Divergence Auto is a technical analysis tool. It does not provide financial advice, guarantee results, or execute trades automatically.
