OPEN-SOURCE SCRIPT
DIVER V1
**Regular Divergence Alert Indicator (RSI-based)**
This indicator detects **Regular Bullish and Regular Bearish divergence** between price and RSI to signal potential trend reversals.
It uses **pivot structure**, **minimum bar gap**, and optional **noise filters** (EMA trend context, ADX strength filter, volume weakening, and candle body filter) to reduce false signals.
Designed to be **simple, clean, and non-repainting**, it provides **clear alerts** and optional visual lines/labels for practical trading use.
This indicator detects **Regular Bullish and Regular Bearish divergence** between price and RSI to signal potential trend reversals.
It uses **pivot structure**, **minimum bar gap**, and optional **noise filters** (EMA trend context, ADX strength filter, volume weakening, and candle body filter) to reduce false signals.
Designed to be **simple, clean, and non-repainting**, it provides **clear alerts** and optional visual lines/labels for practical trading 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.
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.