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RSI Divergence

  • #1
  • First Post: Jan 14, 2009 5:49am Jan 14, 2009 5:49am
I have this divergence indicator.....was wondering if any of the smart folks here can take the drawing of the lines for divergence and apply that logic to the attached rsi indicator.

I'll attach a pic of what I'm looking at.

Thanks
CanuckCT
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 32 KB
Attached File(s)
File Type: mq4 FX5_Divergence_V2.1.mq4   11 KB | 9,328 downloads
File Type: mq4 RSI HistoAlert v2.mq4   4 KB | 8,451 downloads
  • #2
  • Dec 10, 2010 5:31pm Dec 10, 2010 5:31pm
I have this FX5_divergence indicator as well. I'd also like to find a good divergence tracker for the RSI, something with HD, RD, and alerts. Anyone know of something?
  • #3
  • Sep 18, 2013 4:52am Sep 18, 2013 4:52am
your RSI Divergence is not working?
  • #4
  • Sep 18, 2013 5:55am Sep 18, 2013 5:55am
Quoting CanuckCT
I have this divergence indicator.....was wondering if any of the smart folks here can take the drawing of the lines for divergence and apply that logic to the attached rsi indicator. I'll attach a pic of what I'm looking at. Thanks CanuckCT {file} {file} {image}
You must have found a solution by now but just in case, I stumbled on this recently thru FF

http://www.truetl.com/indicators.html

Do check it out.
Let it turn and find your entry.
  • #5
  • Sep 18, 2013 6:16am Sep 18, 2013 6:16am
Quoting Intrepidpips
{quote} You must have found a solution by now but just in case, I stumbled on this recently thru FF http://www.truetl.com/indicators.html Do check it out.
it's not for free. >.<
  • #6
  • Sep 18, 2013 10:16am Sep 18, 2013 10:16am
Quoting faststare08
{quote} it's not for free. >.<
I'm not promoting the site at all but I was using a MTF Stochastic indicator which I found here but was having difficulty reading the current price bar then I decided to try a MTF RSI, that was how I found them through FF.
I must say I'm now using their MTF Stochastic and it's wonderfully clearer than what I had before.

I had used Fx5 divergence indicator before but was not patient enough to wait for the signals and I found that Stochs give better Divergence signals so with their performance of the MTF indicator Is I think buying their Divergence indicators would be a worthwhile investment.
Let it turn and find your entry.
  • #7
  • Sep 19, 2013 12:45am Sep 19, 2013 12:45am
Quoting Intrepidpips
{quote} I'm not promoting the site at all but I was using a MTF Stochastic indicator which I found here but was having difficulty reading the current price bar then I decided to try a MTF RSI, that was how I found them through FF. I must say I'm now using their MTF Stochastic and it's wonderfully clearer than what I had before. I had used Fx5 divergence indicator before but was not patient enough to wait for the signals and I found that Stochs give better Divergence signals so with their performance of the MTF indicator Is I think buying their Divergence...
It's a bit pricey. >.< can't afford that. plus, I'm not assured if they give me the mt4 format of it.
  • #8
  • Sep 19, 2013 2:34am Sep 19, 2013 2:34am
Quoting CanuckCT
I have this divergence indicator.....was wondering if any of the smart folks here can take the drawing of the lines for divergence and apply that logic to the attached rsi indicator. I'll attach a pic of what I'm looking at. Thanks CanuckCT {file} {file} {image}
Try these from memory I just altered the WPR indicator and set it up for RSI however it was a long time ago and I cannot recall how well it worked.

Attached File(s)
File Type: mq4 RSI_Divergence_v2.mq4   12 KB | 8,097 downloads


Attached File(s)
File Type: mq4 WPR_Divergence.mq4   12 KB | 4,748 downloads
Trade what you see not what you hope
  • #9
  • Sep 19, 2013 7:13am Sep 19, 2013 7:13am
Quoting faststare08
{quote} It's a bit pricey. >.< can't afford that. plus, I'm not assured if they give me the mt4 format of it.
I expect so, if it is to be what they claim it can do, in the alternative just train yourself on how to spot Divergence in real time and when you have made enough money off the markets you can buy the indies and let them do the work for you.
Let it turn and find your entry.
  • #10
  • Sep 19, 2013 7:23am Sep 19, 2013 7:23am
Quoting Intrepidpips
{quote} I expect so, if it is to be what they claim it can do, in the alternative just train yourself on how to spot Divergence in real time and when you have made enough money off the markets you can buy the indies and let them do the work for you.
I can do that. but I'm a bit expecting there's divergence sometimes that's why I entered too early.
  • #11
  • Sep 8, 2014 11:23am Sep 8, 2014 11:23am
Hi all,

I gained this RSI Divergence.mq4 from. Settings are almost perfect for me except that it doesn't have the 'Apply to' setting like in the default Relative Strength Index.mq4.

Just like the default one, I'm wondering if a coder would be so helpful to input the options into the attached file. They are:
1 Close
2 Open
3 High
4 Low
5 Median Price (HL/2)
6 Typical Price (HLC/3)
7 Weighted Close (HLCC/4).

Thank you so much!
Attached File(s)
File Type: mq4 RSI Divergence.mq4   11 KB | 3,693 downloads
  • #12
  • Edited Sep 9, 2014 12:45pm Sep 8, 2014 3:51pm | Edited Sep 9, 2014 12:45pm
Here is a version with RSI_applied_price feature.
Attached File(s)
File Type: mq4 RSI Divergence.mq4   21 KB | 7,951 downloads
  • #13
  • Sep 8, 2014 4:02pm Sep 8, 2014 4:02pm
Can you use divergence with donchian channels too?
  • #14
  • Sep 8, 2014 6:05pm Sep 8, 2014 6:05pm
Quoting xux99
Here is a version with RSI_applied_price feature. {file}
Hi xux99, thank you for the quick response

However, there appears to be additional color settings at the bottom of the Input Tab (i.e. LongColour, ShortColour, RSIColour). Would you mind to just remove it and let the colour setting be handled in the Colour Tab (i.e. also like the default RSI)? Because, with the current setup, we couldn't modify the Width and Style of the Lines and the Arrows as we normally would. Every time I try to set the width and the style, it went back to default.

Hope you still want to help us on the request. Many thanks again xuxu99!
  • #15
  • Sep 9, 2014 12:46pm Sep 9, 2014 12:46pm
I have updated the indicator adding additional cosmetic options. You can download it again.
  • #16
  • Sep 9, 2014 10:27pm Sep 9, 2014 10:27pm
Quoting xux99
I have updated the indicator adding additional cosmetic options. You can download it again.
This is great, xux99..!
Thank you, thank you, thank you for the efforts..!
  • #17
  • Mar 31, 2017 2:48am Mar 31, 2017 2:48am
that indicator exactly what i need, thank you
  • #18
  • Apr 30, 2017 12:18pm Apr 30, 2017 12:18pm
Quoting xux99
I have updated the indicator adding additional cosmetic options. You can download it again.
Dear Coder,
Can you add the MTF option to this indicator. Will appreciate your help.
Thanks.
  • #19
  • Nov 13, 2017 8:18pm Nov 13, 2017 8:18pm
Quoting xux99
Here is a version with RSI_applied_price feature. {file}
Is this program available as a Thinkorswim script?
  • #20
  • Jan 1, 2020 3:28pm Jan 1, 2020 3:28pm
Really like this indicator - i have tried amending to add buy and sell arrows to the main chart rather than a separate window but struggling, i thought i could just add 2 more buffers (bearishpriceDivergence and buliishpriceDivergence) and add the below but unfortunately it doesnt seem to work:

Inserted Code
//----HIDDEN DIVERGENCE----//
   if(DisplayHiddenDivergences)
     {
      if(rsi[currentPeak] > rsi[lastPeak] && High[currentPeak] < High[lastPeak]&& rsi[currentPeak] >= rsiupper)
        {
         bearishDivergence[currentPeak] = rsi[currentPeak] + arrowsDisplacement;
         bearishpriceDivergence[currentPeak] = High[currentPeak] + arrowsDisplacement;

Any help on this would be great.
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