RSI Divergences - Candle Edition - Libertus

Hello all,

This is just upgrade upon my already released RSI divergences script. Divergences detection is exactly same, no difference.
I'm releasing this version because I got few requests for divergences indicator above price bars, so it doesn't take additional screen space.

New in this version is:
  • ability to remove pivots
  • ability to display smaller/shorter labels
  • predefined look back period for different time frames

Happy trading and good luck!

As always, I appreciate comments and likes!

If you find this useful and want to reward me:
BTC TIP JAR: 1i7nojAjxFuyFwvnZx6hbXBTLkWaUjZ8C

RSI Divergences with RSI in separate window:
Release Notes: Whats new:
  • adapted script to new pine language version (v4)
  • removed 8 n/a value that were cluttering indicator interface next to RSI value (only possible with v4 pine language)
  • added option to have colored indicator background instead of BULL/BEAR labels (check this out!)

Here you can find my original divergences indicator as seperate RSI script:

If you need OBV divergences script check out my other script:
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Dude, it's better to mark the candle than the RSI indicator.
How do you mark an alarm on a candle?
+8 Reply
Libertus Gracias
@Gracias, same as any alert on any script. Right click on flag above/bellow candle and "Add RSI div alert..." or make new alert and choose RSI Div script and then setup alert to your liking.
+1 Reply
Gracias Libertus
@Libertus, sorry alerts not alarm opps :/
+1 Reply
This indicator seems very promising. One question; I would like to use it for basic scalping, like on 3 - 5 and 15 timeframes. What RSI level should I go with for those timeframes? Should I still stick with 14 or should I lower it to 7 or even to 2? Thanks in advance. Best!
+6 Reply
Hi Mate, would you mind sharing your script?
+2 Reply
Libertus mnavis29
@mnavis29, It's a free script, just add it to your chart.
this indicator available for mt4
+1 Reply
It would be amazing if you could also add hidden divs. cheers
Thanks for your script man. Could you do the same for MACD histogram and OBV if possible. take care
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