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 Template
This indicator plots the Relative Strength Index in a separate pane and marks regular and hidden bullish and bearish divergences.
GitHub stars218on the repository
Pine versionv6current
Lines of code98
Settings10inputs
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 Template compares confirmed price pivots with RSI pivots within a lookback window: regular divergence contrasts a price extreme with the opposite RSI extreme, and hidden divergence uses the reverse pattern. Users set the RSI length and source, pivot and divergence lookbacks, oversold and overbought levels, colors, and whether each divergence type is shown. It is a template and does not place trades.
- RSI line in a separate pane
- Regular bullish and bearish divergence
- Hidden bullish and bearish divergence
- Configurable oversold and overbought levels
- Pivot and divergence lookback settings
Details
Published by
TradersPost 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 Length | int | 14 | rsiLength |
| Source | source | close | rsiSource |
| Pivot Lookback | int | 5 | pivotLookback |
| Divergence Lookback | int | 60 | divLookback |
| Oversold Level | int | 30 | oversoldLevel |
| Overbought Level | int | 70 | overboughtLevel |
| Show Regular Divergence | bool | true | showRegularDiv |
| Show Hidden Divergence | bool | true | showHiddenDiv |
| Bullish Color | color | color.green | bullColor |
| Bearish Color | color | color.red | bearColor |
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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