Daveatt

BEST RSI Divergences Screener

Hello traders

I hope you're all hanging on at home with what's going on these days...
The good news is.... it gives us more time to trade ^^.... #positive #attitude

I - Concept

This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong divergences

The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life

On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart

II - How did I set the screener

The visual signals are as follow:

- square: whenever a divergence is detected

Then the colors are:

- green when there is bullish regular divergence
- red when there is bearish regular divergence

Best regards
Dave
Release Notes: - Added alerts
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Comments

Thanks for sharing!
In your experience, what is best for alerts, on bar or on bar close?
+6 Reply
Daveatt shmeta
@shmeta, bar close avoid fakeouts for sure
+1 Reply
so what is the exact buy point you use with this? when a green square indicates the divergence then that is the buy? Cool stuff man1
+5 Reply
Daveatt maudelebowski
@maudelebowski, you got it, green is for a bullish divergence (=buy)
Reply
if(sourceCode.contains("Security") { repaint = true; };
+2 Reply
Daveatt myncrypto
@myncrypto, if(DoNotPinescript) { shouldReadTheDocumentation = true;}
Reply
Daveatt Daveatt
Edit: if(DoNotKnowPinescript) { shouldReadTheDocumentation = true;}
+1 Reply
Very cool concept, thank you so much!

Question, does it repaint?
+2 Reply
Daveatt CandleCrusher_
@CandleCrusher_, thank you :) shouldn't be repainting
Reply
@Daveatt, I'm trying to use this today, and I noticed something. If I am viewing some pairs (specifically bybit pairs) it works great. If i'm looking at something like, Tesla, or gold, or something random, i'll get a green or red box on, say, BYBIT:BTCUSD. Then, I goto BYBIT:BTCUSD, but there's no red or green box on its own chart. What am I doing wrong?
+1 Reply
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