OPEN-SOURCE SCRIPT
Stochastic RSI Divergence
**Stochastic RSI Divergence Indicator — Momentum Reversal & Continuation Tool**
This indicator combines the power of **Stochastic RSI** with advanced **divergence detection**, helping traders identify both early reversals and trend continuation opportunities with precision.
By analysing the relationship between price action and momentum shifts on the **Stoch RSI K line**, this tool highlights key areas where market direction is likely to change or strengthen.
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### 🔍 Key Features
• **Stochastic RSI Engine**
* Built using RSI-based stochastic calculation
* Smooth K & D lines for clearer signals
* Dynamic overbought (80) and oversold (20) zones
• **Full Divergence Suite**
Detects all major divergence types:
* Regular Bullish (reversal up)
* Regular Bearish (reversal down)
* Hidden Bullish (trend continuation up)
* Hidden Bearish (trend continuation down)
• **Precision Pivot Detection**
Uses configurable pivot lookback to identify meaningful highs and lows while filtering noise.
• **Customisable Sensitivity**
* Adjustable RSI length
* Adjustable stochastic length
* Flexible pivot ranges for fine-tuning signals
• **Clean Visual Output**
* Clearly plotted divergence points
* Label-based signal marking (Bull / Bear / Hidden)
* Smooth oscillator display with visual zones
---
### 📊 How to Use
**Regular Bullish Divergence**
* Price makes a lower low
* Stoch RSI makes a higher low
→ Potential upside reversal
**Regular Bearish Divergence**
* Price makes a higher high
* Stoch RSI makes a lower high
→ Potential downside reversal
**Hidden Divergences (Continuation)**
* Bullish: Higher low in price, lower low in momentum
* Bearish: Lower high in price, higher high in momentum
---
### ⚠️ Best Practice
For higher probability setups, combine with:
* Market structure (break of structure / trend direction)
* Support & resistance zones
* Higher timeframe bias
Divergence is a leading signal, but should not be used in isolation.
---
### 🚀 Ideal For
* Crypto & Forex traders
* Scalping, intraday, and swing trading
* Momentum-based strategies
* Reversal and continuation setups
---
**Trade with confirmation. Let momentum reveal what price is about to do.**
This indicator combines the power of **Stochastic RSI** with advanced **divergence detection**, helping traders identify both early reversals and trend continuation opportunities with precision.
By analysing the relationship between price action and momentum shifts on the **Stoch RSI K line**, this tool highlights key areas where market direction is likely to change or strengthen.
---
### 🔍 Key Features
• **Stochastic RSI Engine**
* Built using RSI-based stochastic calculation
* Smooth K & D lines for clearer signals
* Dynamic overbought (80) and oversold (20) zones
• **Full Divergence Suite**
Detects all major divergence types:
* Regular Bullish (reversal up)
* Regular Bearish (reversal down)
* Hidden Bullish (trend continuation up)
* Hidden Bearish (trend continuation down)
• **Precision Pivot Detection**
Uses configurable pivot lookback to identify meaningful highs and lows while filtering noise.
• **Customisable Sensitivity**
* Adjustable RSI length
* Adjustable stochastic length
* Flexible pivot ranges for fine-tuning signals
• **Clean Visual Output**
* Clearly plotted divergence points
* Label-based signal marking (Bull / Bear / Hidden)
* Smooth oscillator display with visual zones
---
### 📊 How to Use
**Regular Bullish Divergence**
* Price makes a lower low
* Stoch RSI makes a higher low
→ Potential upside reversal
**Regular Bearish Divergence**
* Price makes a higher high
* Stoch RSI makes a lower high
→ Potential downside reversal
**Hidden Divergences (Continuation)**
* Bullish: Higher low in price, lower low in momentum
* Bearish: Lower high in price, higher high in momentum
---
### ⚠️ Best Practice
For higher probability setups, combine with:
* Market structure (break of structure / trend direction)
* Support & resistance zones
* Higher timeframe bias
Divergence is a leading signal, but should not be used in isolation.
---
### 🚀 Ideal For
* Crypto & Forex traders
* Scalping, intraday, and swing trading
* Momentum-based strategies
* Reversal and continuation setups
---
**Trade with confirmation. Let momentum reveal what price is about to do.**
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Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.