This Script uses the original code from the 'PPO Divergence alerts' by Scarf Only difference is the RSI is used as the input instead. Adjust the smoothing setting as required to change sensitivity for alerts.
Feel free to contact me if you would like more info.
Is there any way to code it so it will detect divergences on lower RSI and only slightly lower or same price, for example this only detects divergences when RSI makes a lower high AND the price has increased, any way to make it detect when the RSI is significantly lower from previous peak AND price is the same or only fractionally decreased from the last peak. Sometimes there are double tops for price action but say the price is only a few cents away from the same top previously it's comparing to so it wont be detected etc.. if you know what I mean. Any chance I could look at the code? :D
Do you have an explanation for the different divergence codes? In the "Style" section I see: "Bullish Divergence1", "Bearish Divergence1","Bullish Divergence2", "Bearish Divergence2" up to #4. What are the different criteria for these triggers?
elcorreodesilvetti
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dear, could you please share your indicator? i don´t understand why I can not see it in my favourites scripts