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RSI Divergence Indicator

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RSI Divergence Indicator — Enhanced

An enhanced RSI indicator combining traditional RSI divergence detection with flexible smoothing and a dynamic trend-color system.

This indicator is designed to give traders a cleaner view of momentum, trend direction, and divergence in one RSI pane.

Key Features
Dynamic RSI Trend Coloring

The RSI can automatically change color based on the relationship between a fast and slow RSI:

🟢 Green — Fast RSI is above Slow RSI, indicating bullish momentum.
🔴 Red — Fast RSI is below Slow RSI, indicating bearish momentum.
The feature can be turned on or off from the Divergence settings.

The Fast RSI and Slow RSI lengths are fully adjustable, with defaults of 5 and 14.

RSI Smoothing

Choose from several smoothing methods for the RSI:

None
SMA
SMA + Bollinger Bands
EMA
SMMA (RMA)
WMA
VWMA

The smoothing length is fully adjustable.

RSI Bollinger Bands

When SMA + Bollinger Bands is selected, Bollinger Bands are automatically displayed around the smoothed RSI.

The BB Standard Deviation is adjustable, allowing traders to customize the band width.

Multiple RSI Levels

The indicator includes five important RSI reference levels:

70 — Overbought
60 — Bullish momentum zone
50 — Midline / neutral
40 — Bearish momentum zone
30 — Oversold

The 40 and 60 levels provide additional context for identifying momentum shifts before RSI reaches traditional overbought or oversold levels.

Regular Divergence

Detects traditional divergence between price and RSI:

Bullish Divergence

Price makes a Lower Low
RSI makes a Higher Low

Bearish Divergence

Price makes a Higher High
RSI makes a Lower High
Hidden Divergence

Also identifies hidden divergence:

Hidden Bullish

Price makes a Higher Low
RSI makes a Lower Low

Hidden Bearish

Price makes a Lower High
RSI makes a Higher High
Customizable Divergence Detection

The pivot lookback and divergence range settings allow traders to adjust how sensitive the divergence detection is.

Alerts

Alert conditions are included for:

Regular Bullish Divergence
Hidden Bullish Divergence
Regular Bearish Divergence
Hidden Bearish Divergence
Why Use This Indicator?

The goal of this indicator is to combine several useful RSI tools into one clean and customizable package.

Instead of relying on RSI alone, traders can use:

RSI + Dynamic Momentum Color + Smoothing + Bollinger Bands + 40/60 Momentum Levels + Regular Divergence + Hidden Divergence

This provides multiple ways to assess momentum and potential trend changes without requiring several separate indicators.

Suggested Starting Settings

For a balanced starting point:

RSI Period: 14
Smoothing: None
Fast RSI: 5
Slow RSI: 14
Overbought: 70
Bullish momentum: 60
Midline: 50
Bearish momentum: 40
Oversold: 30

These are simply starting points and can be adjusted depending on the market, timeframe, and trading style.

Important

This indicator is intended as a technical analysis tool and should not be considered financial advice. Divergences and momentum signals can fail, particularly during strong trends or volatile market conditions. Always combine indicator signals with your own analysis and risk management.
Release Note
Update — Multi-Timeframe RSI

Added optional Higher Timeframe RSI overlays to the indicator.

New features:

15-minute RSI
1-hour RSI
4-hour RSI
Daily RSI

Each timeframe can be independently enabled or disabled.
HTF RSI appearance can be customised directly from Tradingview's Style tab.
Colour, line style and thickness can be adjusted for each timeframe.

All HTF RSI options are OFF by default, so the existing RSI and divergence display remains unchanged unless you choose to enable them.

The original RSI, divergence detection, smoothing and Bollinger Band functionality remain unchanged.
Release Note
RSI Divergence Indicator Mitsos4 + Williams Vix Fix

A multi-purpose RSI indicator combining RSI trend analysis, regular and hidden divergence detection, RSI moving-average smoothing, Bollinger Bands, higher-timeframe RSI readings, and Williams Vix Fix volatility signals in one indicator.

Features
RSI with adjustable period and source
RSI colour changes based on Fast vs Slow RSI
Regular Bullish and Bearish Divergence
Hidden Bullish and Bearish Divergence
Adjustable RSI smoothing:
SMA
SMA + Bollinger Bands
EMA
SMMA (RMA)
WMA
VWMA
Optional RSI Bollinger Bands
Higher-timeframe RSI:
15 Minute
1 Hour
4 Hour
1 Day
Williams Vix Fix for identifying periods of increased downside volatility and potential market extremes
Optional WVF Bollinger Bands, percentile range and standard-deviation display
WVF display normalization to maintain a more consistent visual size across different timeframes
Williams Vix Fix extreme signals displayed in a softer TradingView-style red
Built-in alerts for regular and hidden RSI divergences
How It Can Be Used

The RSI can be used to monitor momentum, while the divergence signals can help identify potential changes in price momentum.

Williams Vix Fix is included as an additional volatility/extreme-condition tool. When WVF reaches significant levels, it can help highlight periods where the market may be experiencing increased selling pressure or a potential volatility extreme.

The higher-timeframe RSI readings can also be enabled to provide additional momentum context while trading on lower timeframes.

This indicator is designed to provide multiple momentum, divergence and volatility tools in a single RSI pane.

Note: This indicator is for analysis and educational purposes only and should not be considered financial advice.

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