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
RSI Divergence Pro
This strategy detects regular and hidden RSI divergences from pivot points on a 9-period RSI and trades them with labelled markers and stop lines on the price chart.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code453
Settings25inputs
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
Only long entries on bullish divergences are enabled by default, and shorts can be switched on. A long exits when RSI crosses a take-profit level, 80 by default, or when an opposite regular divergence appears. The stop loss is off by default and can be a percentage or ATR trailing stop. Sizing is percent of equity.
- Regular and hidden RSI divergence entries
- RSI level take profit
- Optional percentage or ATR trailing stop
- Opposite divergence exit
- Position and stop labels on the chart
Details
Published by
feliperazeek on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
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 |
| Take Profit at RSI Level | int | 80 | takeProfitRSILevel |
| 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 |
| Enable Long Positions | bool | true | enableLong |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Short Positions | bool | false | enableShort |
| Stop Loss Type | string | NONE | slType |
| Stop Loss % | float | 5.0 | stopLossPercent |
| ATR Length | int | 14 | atrLength |
| ATR Multiplier | float | 3.5 | atrMultiplier |
| Min Low Lookback Period | int | 12 | minLowLookback |
| Show Debug Info | bool | true | showDebug |
| Show Position Information | bool | true | showPositionInfo |
| Show Stop Loss Lines | bool | true | showStopLoss |
| Bullish Color | color | color.green | bullColor |
| Bearish Color | color | color.red | bearColor |
| Hidden Bullish Color | color | color.new(color.green, 70) | hiddenBullColor |
| Hidden Bearish Color | color | color.new(color.red, 70) | 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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