Adaptive RSI Divergence Engine calculates a Relative Strength Index with dynamic overbought and oversold bands that adapt to market volatility via an ATR percentile rank.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Adaptive RSI Divergence Engine [Vantrade] identifies both regular and hidden divergences by scanning confirmed pivot highs and lows between price and the oscillator. Visuals include the RSI line, adaptive threshold bands, and divergence lines plotted in a separate pane. Inputs allow adjusting RSI length, volatility lookback, threshold offsets, and pivot confirmation lengths. Divergence signals plot with a lag determined by the right pivot confirmation setting.
Volatility-ranked overbought and oversold thresholds
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
RSI Length
int
14
rsiLen
Source
source
close
src
Volatility Lookback
int
250
adaptLen
Min Threshold Offset
int
8
bandMin
Max Threshold Offset
int
28
bandMax
Regular Divergence
bool
true
showReg
Hidden Divergence
bool
true
showHid
Pivot Left
int
5
pivL
Pivot Right
int
5
pivR
Max Pivot Distance
int
60
rngMax
Min Pivot Distance
int
5
rngMin
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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