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Caretaker's On-Chart RSI Divergence Identifier

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Caretakers On-Chart Rsi Div 5
This indicator is a divergence identification indicator, it uses a logic of defining a local high or low based upon multiple candle closes and then takes into account a user specified look back period to check for divergence in the RSI oscillator between two or more successive local highs/lows. RSI divergence is when price action is making two or more successive local highs or lows and the RSI oscillator makes a lower high or higher low respectively.

This indicator looks for both regular Bull & Bearish divergence as well as hidden Bull & Bearish divergence and is color coded. As default, green indicates regular bullish divergence , red indicates regular bearish divergence, orange indicates bearish hidden divergence and blue indicates hidden bullish divergence .

Dotted lines indicate that a signal is not fully confirmed but is in progress.

To request access please DM.
Release Notes
There is only one change to this version, it is now available on the Price Action itself rather than in the same pane as the RSI indicator. The indicator still operates exactly as it has before except the signals are printed in the chart.
Release Notes
Fixed issue with anchors on charts below 1.0 values. Now the on chart version of the indicator will stick to price action on any chart. Can change settings via the anchor periods if needed
Release Notes
There is no change to the normal functions of this indicator, this version adds reverse RSI features that may be ticked off in the settings. The clouds on chart show where the Bullish & Bearish zones as default.
Release Notes
Added calculations for several data and user inputs.
Added Cutler's RSI as a user defined option. Users may now choose between Cutler's and Wilder's version of the RSI.
Release Notes
Script Optimization

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Crypto-Crown directly.

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

Dm

Warning: please read our guide for invite-only scripts before requesting access.

Crypto-Crown
Also on:
Oscillators

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.
Oscillators

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Crypto-Crown directly.

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

Dm

Warning: please read our guide for invite-only scripts before requesting access.

Crypto-Crown
Also on:

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.