RSI Div at Daily VWAP StDev

Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP . Useful for intra-day trading.

Signal criteria:
1. RSI is at Overbought/Oversold
2. RSI Divergence present (not hidden)
3. RSI has not reached Neutral level (i.e. 50)
4. Price has crossed above/below a Standard Deviation from Daily VWAP

Config Options:
- RSI length (default:14)
- Divergence Lookback Period (default:14)
- RSI Oversold/Overbought tresholds (default: 70/30)
- RSI Reset Level (default: 55/45)
- Use VWAP Std Dev (default: yes)
- Standard Deviation from Daily VWAP (default: 1.51)

Use with discretion.
發布通知: Fixed filtering of divs under RSI Overbought/Oversold
發布通知: Can choose Indicator Time Frame
發布通知: fix reset when crossing neutral level
發布通知: Fixes identification of divergences when 2nd SH/SL on RSI is not at extremes, as it is still a valid divergence.
發布通知: bugfix: some bearish divergences where detected below overbought




Can this indicator spot rsi divergence on the time it takes place. Or only after?
interesting signal, seems to suit conditions right now quite well, what time frame you using it on?
how can i set alert on the signal on all currency pairs each time it appears?
hi, thanks for very useful script. I have one question: does this work on higher time frame (daily and higher)? Seems like it's using session VWAP so I think not. Please correct me if I'm wrong. Thanks again.
crypto_rife OguzhanTuncay
@OguzhanTuncay, shouldn't be an issue. You must wait for candles to close, and for the subsequent candle(s) to show signs of reversal. What happens on the real-time data is not important for the signal. It will be drawn, but don't take it as a confirmed signal until it has closed.