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 v5 · On the chart
Talons RSI Divergence
The Talons RSI Divergence strategy detects bullish and bearish divergences by combining RSI values with price pivots.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code52
Settings2inputs
LicenceNone stated
Last update5 months ago29 May 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
Talons RSI Divergence calculates RSI using a customizable period and identifies pivot highs and lows on both price and RSI with a lookback setting. Bullish divergence occurs when price makes lower lows but RSI makes higher lows below 40, triggering a long entry with stop loss below the pivot low by 0.3 times ATR and take profit at three times the risk distance. Bearish divergence is the opposite for shorts. Signals appear as triangle markers on the price chart. Settings change the RSI length and pivot lookback. The strategy draws on the price chart and works on any market or timeframe.
- RSI divergence detection
- price pivot identification
- ATR stop loss
- triangle plot signals
- long short entries
Details
Published by
muammeryldrm42 on GitHub
Type
Strategy, Pine Script v5
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 Period | int | 14 | rsiLen |
| Pivot Lookback | int | 5 | pivotLb |
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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