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RSI Extreme Divergence

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# RSI Extreme Divergence

An RSI divergence indicator designed to highlight only high-probability reversal signals.

Unlike standard divergence indicators, this script only detects divergences when the RSI reaches extreme conditions, helping filter out weaker signals during normal market fluctuations.

## Features

* Displays **RSI** with customizable length.
* Highlights **Overbought** and **Oversold** zones.
* Detects **Bullish Divergence** only when RSI is below the Oversold level.
* Detects **Bearish Divergence** only when RSI is above the Overbought level.
* Draws divergence lines directly on the RSI.
* Displays buy and sell arrows on both the RSI panel and the price chart.
* Includes alert support for bullish and bearish divergence signals.

## Why use this indicator?

Many divergence indicators generate too many signals during ranging markets.

This indicator focuses only on divergences that occur in extreme RSI conditions (default: above 70 or below 30), helping traders concentrate on higher-quality reversal opportunities.

## Default Settings

* RSI Length: **9**
* Pivot Length: **5**
* Overbought: **70**
* Oversold: **30**

These settings are optimized for swing trading but can be adjusted to suit different markets and trading styles.
ملاحظات الأخبار
Default settings (65/35) are optimized for Japanese stocks and swing trading. Users can freely adjust these levels to match their trading style and market conditions.

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