RSI_Divergence – indicator for MetaTrader 5

RSI Divergence draws the RSI indicator line in a separate window and displays found divergences in the indicator window and on the price chart.

It has six input parameters:

  • Period – calculation period
  • Applied price
  • Overbought – overbought level
  • Oversold – oversold level
  • Bullish color – color of bullish signal arrows and lines
  • Bearish color – color of bearish signal arrows and lines

Divergences are detected only on segments where RSI line is above/below overbought/oversold levels.