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 Indicator MP
The RSI Divergence Indicator MP detects regular and hidden bullish and bearish divergences using configurable RSI and pivot parameters.
GitHub stars2on the repository
Pine versionv6current
Lines of code164
Settings17inputs
LicenceCustom licence
Last update4 weeks ago27 Sep 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
RSI Divergence Indicator MP plots the RSI oscillator with customizable overbought and oversold levels in a separate pane, while optionally drawing divergence trendlines directly on the price chart. Users can refine signal quality by applying RSI zone thresholds, setting a minimum oscillator delta between pivots, choosing true swing extremes, and enabling bar close confirmation to prevent intrabar signal changes.
- Regular and hidden RSI divergence detection
- Optional divergence lines on price chart
- RSI zone and minimum RSI delta filtering
- Customizable pivot lookback and search range
- Intrabar signal confirmation setting
Details
Published by
midngtpickle 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.
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 | 14 | len |
| RSI Source | source | close | src |
| Pivot Lookback Right | int | 5 | lbR |
| Pivot Lookback Left | int | 5 | lbL |
| Max of Lookback Range | int | 60 | rangeUpper |
| Min of Lookback Range | int | 5 | rangeLower |
| Use true swing extreme for price | bool | false | usePriceExtreme |
| Confirm on bar close | bool | true | confirmOnClose |
| Require RSI pivot inside zone (regular div only) | bool | false | useZone |
| Bull: RSI pivot at or below | float | 40 | bullZone |
| Bear: RSI pivot at or above | float | 60 | bearZone |
| Min RSI difference between pivots | float | 0 | minOscDelta |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Plot Bullish | bool | true | plotBull |
| Plot Hidden Bullish | bool | false | plotHiddenBull |
| Plot Bearish | bool | true | plotBear |
| Plot Hidden Bearish | bool | false | plotHiddenBear |
| Draw divergence lines on price chart | bool | false | showPriceLines |
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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