X Divergence RSI

BTCUSDT

This indicator that follows the direction of price changes, trend lines at highs and lows to compare the momentum between the price and the indicator. It tracks the disagreement between the RSI indicator and the price called divergence (divergence and hidden divergence with possibility to choose independently). The amount of agreement / disagreement is relative, due to the different patterns that develop in the relationship between the price and the indicator.

The indicator shows the direction of volatility, best used as a confirmatory indicator for other momentum and / or trend-following indicators (gradient colors).

I hope you find it useful .....Happy Trading!