It’s another divergence recognition indicator similar to our previous MACD divergence indicator but it uses RSI instead of MACD.
The divergence recognition algorithm is very powerful and accurate, it doesn’t miss a single setup and you can control the complexity of the model by changing the minimum divergence slope in terms of Pips.
The indicator has two different version, one for RSI itself and another for price chart.
Both versions of the indicator are fully in sync with each other and you will be able to see the same setup on both your candlestick price chart and RSI indicator window.
Features
- Changing the price source
- Popup, sound, and email alert whenever it founds a new setup
- Setting the minimum slope of divergence in Pips
- Setting different colors for bullish and bearish setups
- No repaint
Version 1.2.1.0
Release Date: January 2, 2021
Changed: Licensing system
Version 1.2.0.0
Release Date: December 6, 2020
Changed: Divergence calculation algorithm
Version 1.1.11.0
Release Date: August 19, 2020
Changed: Licensing model
Changed: Alert library updated
Version 1.1.10.1
Release Date: August 8, 2020
Added: Alert mode parameter
Changed: Alert library updated
Version 1.1.10.0
Release Date: June 18, 2020
Changed: Alert library updated
Version 1.1.9.0
Release Date: April 24, 2020
Added: Now you can enable/disable update message
Version 1.1.8.0
Release Date: April 23, 2020
Changed: Alert library updated
Version 1.1.7.0
Release Date: March 22, 2020
Changed: Alert library updated
Changed: Updated to new cTrader API
Version 1.1.6.0
Release Date: September 16, 2019
Changed: Alert library updated
Version 1.1.5.0
Release Date: September 1, 2019
Changed: Alert library updated
Version 1.1.4.0
Release Date: August 7, 2019
Added: Parameter grouping
Version 1.1.3.0
Release Date: June 12, 2019
Changed: Alert library updated
Changed: Cleaned up the code
Version 1.1.2.0
Release Date: March 10, 2019
Changed: Alert library updated
Changed: Cleaned up the code
Changed: Tweaked the divergence recognition algorithm
Version 1.1.1.0
Release Date: February 15, 2019
Changed: Alert library updated
Version 1.1.0.0
Release Date: January 15, 2019
Added: New version update check
Changed: Alert library update
Changed: On chart version combined with regular version
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