OPEN-SOURCE SCRIPT
Multi-TimeFrame RSI Divergence
1. Table Usage
The table shows all divergences for each timeframe (5m → 4h).
Columns:
Bull Reg → Regular bullish divergence
Bear Reg → Regular bearish divergence
Bull Hid → Hidden bullish divergence
Bear Hid → Hidden bearish divergence
Movable via inputs: adjust Table X Position (bars from left) and Table Y Position (price level).
Customizable timeframe text color: set via TF Color input.
2. Reading Divergences
Lines on the chart:
Solid green/red = regular divergence
Dotted = hidden divergence
Dashed = RSI side of divergence
Labels appear at the pivot points to indicate type and timeframe.
3. Timeframes
Works on 5m, 15m, 30m, 1h, and 4h.
Each timeframe is independent, so divergences are correctly detected even if higher or lower TFs don’t show anything yet.
4. Adjusting Sensitivity
Pivot Left Bars / Pivot Right Bars → controls how sensitive pivots are.
Lower values = more pivots detected (shorter-term swings).
Higher values = smoother pivots, fewer false signals.
Pivot search lookback → how far back the script searches for pivots.
RSI Length → default is 14, but can be adjusted for faster/slower RSI responsiveness.
5. Line and Label Cleanup
Expire lines/labels after N bars → prevents the chart from cluttering.
Older lines/labels are automatically deleted after this many bars.
6. Practical Tips
Use multiple charts or TradingView layouts: you can run the script on one chart and visually track divergences across TFs without switching.
Combine with support/resistance levels or trend analysis for higher-probability trades.
Watch for hidden divergences on pullbacks → often signal trend continuation.
The table shows all divergences for each timeframe (5m → 4h).
Columns:
Bull Reg → Regular bullish divergence
Bear Reg → Regular bearish divergence
Bull Hid → Hidden bullish divergence
Bear Hid → Hidden bearish divergence
Movable via inputs: adjust Table X Position (bars from left) and Table Y Position (price level).
Customizable timeframe text color: set via TF Color input.
2. Reading Divergences
Lines on the chart:
Solid green/red = regular divergence
Dotted = hidden divergence
Dashed = RSI side of divergence
Labels appear at the pivot points to indicate type and timeframe.
3. Timeframes
Works on 5m, 15m, 30m, 1h, and 4h.
Each timeframe is independent, so divergences are correctly detected even if higher or lower TFs don’t show anything yet.
4. Adjusting Sensitivity
Pivot Left Bars / Pivot Right Bars → controls how sensitive pivots are.
Lower values = more pivots detected (shorter-term swings).
Higher values = smoother pivots, fewer false signals.
Pivot search lookback → how far back the script searches for pivots.
RSI Length → default is 14, but can be adjusted for faster/slower RSI responsiveness.
5. Line and Label Cleanup
Expire lines/labels after N bars → prevents the chart from cluttering.
Older lines/labels are automatically deleted after this many bars.
6. Practical Tips
Use multiple charts or TradingView layouts: you can run the script on one chart and visually track divergences across TFs without switching.
Combine with support/resistance levels or trend analysis for higher-probability trades.
Watch for hidden divergences on pullbacks → often signal trend continuation.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.