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.**
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.