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.
- 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