by 
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 v5 · Own pane
Sapphire RSI Divergence Indicator
Calculates a Relative Strength Index oscillator and detects regular and hidden bullish or bearish divergences using pivot points.
Repaints
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code128
Settings26inputs
LicenceNone stated
Last update1 year ago10 Jan 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 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
Sapphire RSI Divergence Indicator displays in a separate pane below the main chart, highlighting divergence occurrences between price movement and the RSI oscillator. Traders can configure RSI periods, pivot lookback settings, lookback ranges, and toggle specific divergence types on or off. The indicator also features up to three independent time-of-day filters to restrict signals to specific trading hours. Signals rely on right-pivot lookbacks, which confirm points after a delay.
- Regular and hidden divergence detection
- Customizable RSI parameters and pivot lookbacks
- Integrated time-of-day filter settings
- Separate pane RSI plotting with level thresholds
Details
Published by
sapphire-edge on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
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 | len |
| RSI Source | source | close | src |
| Pivot Lookback Right | int | 3 | lbR |
| Pivot Lookback Left | int | 1 | lbL |
| Take Profit at RSI Level | int | 80 | takeProfitRSILevel |
| Max of Lookback Range | int | 60 | rangeUpper |
| Min of Lookback Range | int | 5 | rangeLower |
| Plot Bullish | bool | true | plotBull |
| Plot Hidden Bullish | bool | true | plotHiddenBull |
| Plot Bearish | bool | true | plotBear |
| Plot Hidden Bearish | bool | false | plotHiddenBear |
| Enable Time Filter 1 | bool | false | useTimeFilter1 |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Start Hour (24-hour format) | int | 0 | startHour1 |
| Start Minute | int | 0 | startMinute1 |
| End Hour (24-hour format) | int | 23 | endHour1 |
| End Minute | int | 45 | endMinute1 |
| Enable Time Filter 2 | bool | false | useTimeFilter2 |
| Start Hour 2 (24-hour format) | int | 0 | startHour2 |
| Start Minute 2 | int | 0 | startMinute2 |
| End Hour 2 (24-hour format) | int | 23 | endHour2 |
| End Minute 2 | int | 45 | endMinute2 |
| Enable Time Filter 3 | bool | false | useTimeFilter3 |
| Start Hour 3 (24-hour format) | int | 0 | startHour3 |
| Start Minute 3 | int | 0 | startMinute3 |
| End Hour 3 (24-hour format) | int | 23 | endHour3 |
| End Minute 3 | int | 45 | endMinute3 |
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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