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RSI Divergence Pro+ Volume
RSI Divergence Pro+ Volume
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.