OPEN-SOURCE SCRIPT
RSI Divergence on Chart MTF
RSI Divergence Overlay MTF
RSI Divergence Overlay MTF is an advanced divergence detection indicator that identifies RSI-based divergence directly on the price chart without using a separate oscillator panel.
Designed for traders who prefer a cleaner chart layout, this script plots divergence signals on candlesticks while allowing multi-timeframe RSI analysis for higher-timeframe confirmation.
Features
Detects Bullish Divergence
Detects Bearish Divergence
Optional Hidden Bullish / Hidden Bearish Divergence
Displays signals directly on the main price chart
No lower RSI panel / oscillator clutter
Supports Multi-Timeframe RSI Divergence Detection
Customizable RSI Length, Source, Pivot Sensitivity, and Signal Display
Built-in Alert Conditions
Non-repainting logic using confirmed pivot points
How It Works
The indicator compares price swing highs/lows with RSI swing highs/lows to detect divergence conditions.
When divergence is confirmed:
Bullish signals appear below candles
Bearish signals appear above candles
Multi-Timeframe Capability
Users can calculate RSI divergence from:
Current Chart Timeframe
Higher Timeframes (15m, 1H, 4H, Daily, etc.)
This helps traders align lower timeframe entries with higher timeframe momentum structure.
Best Used For
Trend Reversal Detection
Momentum Exhaustion Analysis
Scalping / Intraday Trading
Swing Trading Confirmation
Notes
Signals are confirmed after pivot formation to avoid repainting.
Higher pivot settings reduce noise but produce fewer signals.
Lower pivot settings create earlier but more frequent signals.
Use this tool as part of a complete trading strategy and combine it with market structure, support/resistance, or trend filters for best results.
RSI Divergence Overlay MTF is an advanced divergence detection indicator that identifies RSI-based divergence directly on the price chart without using a separate oscillator panel.
Designed for traders who prefer a cleaner chart layout, this script plots divergence signals on candlesticks while allowing multi-timeframe RSI analysis for higher-timeframe confirmation.
Features
Detects Bullish Divergence
Detects Bearish Divergence
Optional Hidden Bullish / Hidden Bearish Divergence
Displays signals directly on the main price chart
No lower RSI panel / oscillator clutter
Supports Multi-Timeframe RSI Divergence Detection
Customizable RSI Length, Source, Pivot Sensitivity, and Signal Display
Built-in Alert Conditions
Non-repainting logic using confirmed pivot points
How It Works
The indicator compares price swing highs/lows with RSI swing highs/lows to detect divergence conditions.
When divergence is confirmed:
Bullish signals appear below candles
Bearish signals appear above candles
Multi-Timeframe Capability
Users can calculate RSI divergence from:
Current Chart Timeframe
Higher Timeframes (15m, 1H, 4H, Daily, etc.)
This helps traders align lower timeframe entries with higher timeframe momentum structure.
Best Used For
Trend Reversal Detection
Momentum Exhaustion Analysis
Scalping / Intraday Trading
Swing Trading Confirmation
Notes
Signals are confirmed after pivot formation to avoid repainting.
Higher pivot settings reduce noise but produce fewer signals.
Lower pivot settings create earlier but more frequent signals.
Use this tool as part of a complete trading strategy and combine it with market structure, support/resistance, or trend filters for best results.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。