by 
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 v4 · On the chart
RSI Divergence LONG
This strategy calculates the difference between a fast RSI and a slow RSI to generate long trades.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code67
Settings9inputs
LicenceNone stated
Last update7 months ago5 Mar 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 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
Within a configurable backtest date window, it enters a long position when the fast RSI equals or exceeds the slow RSI. It closes the position when the fast RSI crosses down to or below the slow RSI. Users can configure the lengths of both RSI oscillators and the backtesting date range. The script overlays divergence values and signal shapes directly onto the main price chart, which can distort price scale, and operates with no default stop loss.
- Dual RSI difference oscillator
- Long entry and exit based on RSI differential
- Configurable backtest date window
- Directional triangle signal markers
Details
Published by
avatar-lavventura on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- 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 |
|---|---|---|---|
| Length Fast RSI | int | 5 | len_fast |
| Length Slow RSI | int | 14 | len_slow |
| From Month | int | 1 | fromMonth |
| From Day | int | 1 | fromDay |
| From Year | int | 2021 | fromYear |
| Thru Month | int | 1 | thruMonth |
| Thru Day | int | 1 | thruDay |
| Thru Year | int | 2112 | thruYear |
| Show Date Range | bool | true | showDate |
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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