RSI Divergence & Reversal Signals
Posted: Thu Dec 29, 2016 7:49 am
I'm looking to create Chart Scripts for RSI divergences and reversals:
1) Bullish Divergence - Price forms lower low, while RSI forms higher low
2) Bearish Divergence - Price forms higher high, while RSI forms lower high
3) Positive Reversal - Price forms higher low, while RSI forms lower low
4) Negative Reversal - Price forms lower high, while RSI forms higher high
Use the ZIG-ZAG to define the price swings. Display a symbol on the chart to ID the signals.
I'm a novice to Chart Script programming, has anyone programed these signal?
Thanks
Gary
1) Bullish Divergence - Price forms lower low, while RSI forms higher low
2) Bearish Divergence - Price forms higher high, while RSI forms lower high
3) Positive Reversal - Price forms higher low, while RSI forms lower low
4) Negative Reversal - Price forms lower high, while RSI forms higher high
Use the ZIG-ZAG to define the price swings. Display a symbol on the chart to ID the signals.
I'm a novice to Chart Script programming, has anyone programed these signal?
Thanks
Gary