This strategy overlays a Cipher B style WaveTrend study on the price chart and is titled for Ethereum buy alerts aimed at 3Commas. It calculates a WaveTrend channel and a short moving average, and can mark buy, sell, gold, and divergence dots. Settings change
Strategy · Pine Script v5 · On the chart
FaRSI
This strategy detects regular and hidden RSI divergences using pivot points on a 9-period RSI and plots them on the price chart with labels.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code397
Settings27inputs
LicenceNone stated
Last update1 year ago11 Oct 2025
Add It to Your TradingView Chart
- 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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
By default it only opens long positions, on bullish divergences, and exits when RSI reaches a take-profit level or by a percentage target. Stop loss is off by default and can be switched to a percentage or an ATR multiple. Short entries on bearish divergences can be enabled. Sizing is the full equity by default.
- Regular and hidden RSI divergence detection
- Pivot lookback and range settings
- RSI level or percentage take profit
- Optional percentage or ATR stop loss
- Long default with optional shorts
Details
Published by
feliperazeek on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Divergence, Oscillators & momentum
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Period | int | 9 | rsiLength |
| RSI Source | source | close | rsiSource |
| RSI Overbought Level | int | 70 | rsiOverbought |
| RSI Oversold Level | int | 30 | rsiOversold |
| Pivot Lookback Left | int | 1 | pivotLeft |
| Pivot Lookback Right | int | 3 | pivotRight |
| Max Lookback Range | int | 60 | rangeUpper |
| Min Lookback Range | int | 5 | rangeLower |
| Plot Regular Bullish | bool | true | plotRegularBull |
| Plot Hidden Bullish | bool | true | plotHiddenBull |
| Plot Regular Bearish | bool | true | plotRegularBear |
| Plot Hidden Bearish | bool | false | plotHiddenBear |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Long Positions | bool | true | enableLong |
| Enable Short Positions | bool | false | enableShort |
| Take Profit Type | string | RSI Level | tpType |
| Take Profit at RSI Level | int | 80 | takeProfitLevel |
| Take Profit % | float | 2.0 | takeProfitPercent |
| Stop Loss Type | string | NONE | slType |
| Stop Loss % | float | 5.0 | stopLossPercent |
| ATR Length | int | 14 | atrLength |
| ATR Multiplier | float | 3.5 | atrMultiplier |
| Show Debug Info | bool | true | showDebug |
| Show RSI Value on Chart | bool | true | showRsiValue |
| Bullish Color | color | color.green | bullColor |
| Bearish Color | color | color.purple | bearColor |
| Hidden Bullish Color | color | color.new(color.green, 80) | hiddenBullColor |
| Hidden Bearish Color | color | color.new(color.red, 80) | hiddenBearColor |
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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