Relative Strength Index - Divergences - Libertus
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Hello all,
To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please report in comment.
Happy trading and good luck!
backtest
Source
Pine
//@version=4
// Copyright by Libertus - 2021
// RSI Divergences v3.2
// Free for private use
study(title="Relative Strength Index - Divergences - Libertus", shorttitle="RSI Div - Lib")
len = input(14, minval=1, title="RSI Length")
ob = input(defval=70, title="Overbought", type=input.integer, minval=0, maxval=100)
os = input(defval=30, title="Oversold", type=input.integer, minval=0, maxval=100)
// RSI code
rsi = rsi(close, len)
band1 = hline(ob)
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