BEST RSI Divergences Screener (Regular and Hidden)

TradingView

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relativestrengthindex volatility trendanalysis divergence regulardivergence hiddendivergence daveatt autoview profitview tradingconnector rsi_divergence

Hello traders

My way to fight this situation is to stay productive.
Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again

I - Concept

This is an upgrade of this script which captured only the regular divergences

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 regular and hidden 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 regular or hidden divergence is detected

Then the colors are:

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

🔔🔔 I also added the alerts for capturing those bullish / bearish divergences

III - Does it repaint?

It should not :)

Best regards
Dave

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string sec00 = input(defval="TSLA", type=input.symbol)
string sec01 = input(defval="FB", type=input.symbol)
string sec02 = input(defval="AMZN", type=input.symbol)
string sec03 = input(defval="ZOOM", type=input.symbol)
string sec04 = input(defval="GOOGL", type=input.symbol)
...
string sec09 =  input(defval="DELL", type=input.symbol)

And then replicate (understand copy/paste) lines 107 to 136 adding your variables sec00 to sec09

Cheers

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Hi Daveatt.
It's really a good indicator. Thx a lot.
Can you explain what is :"Pivot Lookback Right" and "Pivot Lookback Left"? Changing this, it will change the divergence that are showed, but I'm not sure to really understand it.
There is some divergence that I would like to see, bit that are not showed on your indicator.
Thx a lot
Ippo

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IppoHnE

@IppoHnE, Divergences are calculated often after the move happened
This is why I don't like them very much
So to estimate retroactively why a divergence happens, we look at how the price behaved with X candles to the right and X candles to the left
From there we estimate the divergence - Generally, this triggers a 1 or sometimes 2 candles delay as it's a retroactive calcul

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can i have the code of the divergence?

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VinceKhoo

@VinceKhoo It's the built-in Divergence indicator
You can get it by creating a new indicator clicking on New from the pine Editor > select Divergence indicator

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Thank you for the work bro.
just a query.....i can add only maximum of 6 scripts.What to do to add more scripts??

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Cleemis

Hi @Cleemis, the only way is to upgrade your TradingView subscription and you'll be able to add more than 6 scripts per chart.
https://www.tradingview.com/gopro/?share_your_love=Daveatt

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Daveatt

@Daveatt, Thank you

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Thanks looks great! can anyone confirm is this reprints? seems like it does

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