BulletProof RSI/Divergences [2027 Update]
OVERVIEW
BulletProof is an all-in-one momentum and reversal oscillator that stacks several confirmation tools into a single pane so you can read momentum, money flow, and divergence at a glance without cluttering your chart with five separate indicators. It combines a WaveTrend oscillator, Money Flow, RSI, Stochastic RSI, an optional Schaff Trend Cycle, and a divergence engine that auto-detects regular divergences on WaveTrend, RSI, and Stoch RSI.
WHAT'S ON THE PANE
- WaveTrend (WT1/WT2): the core momentum engine, plotted as the shaded wave. Crosses in oversold/overbought zones are the primary signals.
- Money Flow (MFI) area: green above zero, red below, for buying vs. selling pressure behind the move.
- RSI: color-coded by oversold / neutral / overbought.
- Stochastic RSI (K & D): faster momentum for timing.
- Schaff Trend Cycle: optional trend-cycle line (off by default).
- Overbought / Oversold reference levels.
SIGNALS
- Big circles: WaveTrend cross at the oversold (buy) or overbought (sell) extreme.
- Small dots: every WaveTrend cross, for lower-timeframe timing.
- Gold dot: a higher-conviction buy - a bullish WaveTrend/RSI divergence firing from a deep oversold reading with RSI confirmation.
- Divergences: regular bullish/bearish divergences on WaveTrend (with an optional second, looser divergence band), plus optional RSI and Stoch RSI divergences. "Bull Div" / "Bear Div" labels mark them on the wave.
- Sommi Flags & Diamonds: optional higher-timeframe confluence markers (off by default).
ALERTS
Built-in alerts for: buy/sell circles, buy/sell with divergence, GOLD buy, small green/red dots, and Sommi bullish/bearish patterns.
HOW TO USE IT
Treat the big circles and gold dots as your primary reversal cues, then look for agreement across the pane - a buy circle carries more weight when Money Flow is turning up and a bullish divergence is present. The small dots are best used for entry timing within a bias you have already set from higher timeframes or price structure. Every component and every color is toggleable in Settings, so you can run it fully loaded or strip it down to just the WaveTrend + divergences.
NOTES
No repainting on confirmed signals - divergences are confirmed two bars back using fractal pivots, and all higher-timeframe requests use non-repainting settings. This is an indicator, not a strategy: it does not place trades and past signals are not a guarantee of future results. Always combine with your own risk management.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CapitalHoldings3M directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CapitalHoldings3M directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.