Script to identify RSI divergence?

Algos, strategies, code
1

I have tried some options to create code to identify RSI divergence but I am unable to create a suitable one.

What i need is :

buy signal: price is decreasing but corresponding RSI is increasing.

sell signal: price is increasing but corresponding RSI is decreasing.

Any help is appreciated.

Thanks,

Raghav

2

hElLO tRaDeR,

This is the code for Pi:

BUY SCRIPT:

TREND(CLOSE, 3) = UP AND
TREND(RSI(CLOSE,14), 3) = DOWN

SELL SCRIPT:

TREND(CLOSE, 3) = DOWN AND
TREND(RSI(CLOSE,14), 3) = UP

3 represents number of candles, adjust the number of candles accordingly.

1 Like
3

AFL code for the same:

4

Is this for Pi?

5

Yes sire, I am looking for tradescript.

6

Thanks much for the prompt response!
This looks quite promising!
The power just went out so I will check it out as soon as it’s back!
Thanks again!

7

Thanks for pointing me in the right direction! This script does what it is supposed to do.

8

Hi
On streak, I’m trying to do create the following, but not being able to…will appreciate if anyone can help me put up the formula for the same:

Regular Bullish Divergence in Daily/Hourly (AND) Hidden Bullish Divergence in 5 mins

Thanks.