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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.
Sürüm Notları
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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.