This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v6 · Own pane
RSI Divergence Detector
This indicator calculates a 14-period RSI from close and plots it in a separate pane with dotted overbought and dashed oversold lines at 70 and 30.
GitHub stars55on the repository
Pine versionv6current
Lines of code24
Settings0inputs
LicenceApache-2.0
Last update6 months ago20 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
24 lines of Pine Script v6 from public/indicators/test1.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("RSI Divergence Detector", overlay=false)
// RSI Calculation
len = 14
src = close
up = ta.rma(math.max(ta.change(src), 0), len)
down = ta.rma(-math.min(ta.change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
plot(rsi, "RSI", color=#7E57C2)
hline(70, "Overbought", color=#787B86, linestyle=hline.style_dotted)
hline(30, "Oversold", color=#787B86, linestyle=hline.style_dashed)
// Divergence Logic
// We use a simple pivot detection to find local lows
lookback = 5
pl = ta.pivotlow(src, lookback, lookback)
rsi_pl = ta.pivotlow(rsi, lookback, lookback)
// Detect Bullish Divergence: Price Lower Low, RSI Higher Low
// Note: This is a simplified detection for visual aid
bullish_div = not na(pl) and (src[lookback] < src[lookback + 20]) and (rsi[lookback] > rsi[lookback + 20])
plotshape(bullish_div, title="Bullish Divergence", style=shape.labelup, location=location.bottom, color=color.green, text="BULL", textcolor=color.white, offset=-lookback)
Overview
RSI Divergence Detector marks bullish divergence when a five-bar pivot low in price is lower than the price twenty bars earlier while the matching RSI pivot is higher, then draws a BULL label below the pane with a five-bar offset. Length, source, and lookback are fixed, and only bullish divergence is shown. There are no trade entries, exits, or risk rules.
- 14-period RSI plotted in a separate pane
- Overbought and oversold horizontal lines
- Five-bar pivot low detection
- Bullish price and RSI divergence labels
Details
Published by
dcaoyuan on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
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
aicharttradingvibepinescripttechnical-analysispinestock
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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