This indicator scans multiple tickers simultaneously to detect regular bullish and bearish MACD divergences filtered by long-term trend direction (150 EMA versus 600 EMA). It evaluates pivot highs and lows in the MACD line against price action across configura
Indicator · Pine Script v6 · On the chart
RSI Divergence Scanner
The RSI Divergence Scanner calculates the Relative Strength Index and identifies regular and hidden bullish or bearish divergences against price using pivot high and low points.
GitHub stars218on the repository
Pine versionv6current
Lines of code324
Settings16inputs
LicenceNone stated
Last update3 months ago23 Jul 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 Scanner plots divergence lines and customizable labels directly on the price chart. Inputs allow tuning of RSI length, overbought and oversold thresholds, pivot lookback windows, and minimum bar distance between pivots. Configurable alerts notify users upon divergence confirmation. Note that pivot detection requires a lookback delay, so signals appear a fixed number of bars after the pivot occurs.
- Regular and hidden RSI divergence detection
- Visual divergence lines and chart labels
- Customizable pivot lookback and spacing parameters
- Configurable alert toggles for bullish and bearish signals
Details
Published by
TradersPost on GitHub
Type
Indicator, Pine Script v6
Draws
On the price 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 Length | int | 14 | rsi_length |
| Divergence Lookback | int | 5 | divergence_lookback |
| Min Bars Between Pivots | int | 3 | min_bars_between |
| RSI Overbought | float | 70.0 | rsi_overbought |
| RSI Oversold | float | 30.0 | rsi_oversold |
| Show RSI Divergence Lines | bool | true | show_rsi_lines |
| Show Price Divergence Lines | bool | true | show_price_lines |
| Show Divergence Labels | bool | true | show_labels |
| Line Extension | int | 5 | line_extend |
| Alert Bullish Divergence | bool | true | alert_bullish |
| Alert Bearish Divergence | bool | true | alert_bearish |
| Alert Hidden Divergence | bool | false | alert_hidden |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Bullish Divergence | color | color.green | bull_div_color |
| Bearish Divergence | color | color.red | bear_div_color |
| Hidden Bullish | color | color.blue | hidden_bull_color |
| Hidden Bearish | color | color.orange | hidden_bear_color |
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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