This indicator implements a full Chanlun pipeline on the price chart. It merges contained bars, marks top and bottom fractals, and connects alternating fractals into strokes. Overlapping strokes form pivot boxes, and MACD area ratios flag trend or consolidatio
Indicator · Pine Script v5 · On the chart
Multi RSI Divergence & Over [Alorse]
This indicator screens multiple symbols for regular RSI divergence and extreme RSI readings.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code116
Settings28inputs
LicenceNone stated
Last update2 months ago25 Aug 2026
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 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
Multi RSI Divergence & Over [Alorse] compares pivot lows and highs in price with a 14-period RSI, then alerts when price makes a lower low against a higher RSI low, or a higher high against a lower RSI high. Pivot lookback and a minimum-to-maximum bar range filter those signals. Optional alerts fire when RSI crosses oversold or overbought levels on a chosen timeframe. Enabled symbols default to major crypto pairs, and the script overlays the price chart.
- Regular bullish and bearish RSI divergence alerts
- Optional overbought and oversold RSI alerts
- Pivot lookback and bar-range filters
- Per-symbol enable toggles
- Separate RSI timeframe input
Details
Published by
Alorse on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Divergence, Screeners & dashboards
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Lookback Right | int | 2 | lbR |
| Left | int | 5 | lbL |
| Lookback Range Max | int | 60 | rangeUpper |
| Min | int | 6 | rangeLower |
| Overbought | int | 70 | overbought |
| Oversold | int | 30 | oversold |
| Timeframe | timeframe | 15 | rsi_time |
| Notify overbought/oversold | bool | true | alert |
| e01 | bool | true | e01 |
| s01 | symbol | BTCUSDT | s01 |
| e02 | bool | true | e02 |
| s02 | symbol | ETHUSDT | s02 |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| e03 | bool | true | e03 |
| s03 | symbol | BNBUSDT | s03 |
| e04 | bool | true | e04 |
| s04 | symbol | ADAUSDT | s04 |
| e05 | bool | true | e05 |
| s05 | symbol | XRPUSDT | s05 |
| e06 | bool | true | e06 |
| s06 | symbol | SOLUSDT | s06 |
| e07 | bool | true | e07 |
| s07 | symbol | DOTUSDT | s07 |
| e08 | bool | true | e08 |
| s08 | symbol | DOGEUSDT | s08 |
| e09 | bool | true | e09 |
| s09 | symbol | UNIUSDT | s09 |
| e10 | bool | true | e10 |
| s10 | symbol | LUNAUSDT | s10 |
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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