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J-Streak
Aug 8, 2019 2:18 PM

(JS) RSI Divergence Oscillator 

SP:SPX1D
S&P 500SP

Description

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Pretty simple really - when the oscillator is positive it means that there's bull RSI divergence, negative means there is bear RSI divergence.
Simple formula to make it, Rate of Change on RSI vs. Rate of Change on price, smoothed out using an EMA.
Centered OscillatorsRelative Strength Index (RSI)Rate of Change (ROC)ROCDivergenceOscillators
Comments
McG16
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Underrated indicator here. 3 years too late, but worth a boost!
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