This Combined RSI + Stoch RSI with Divergence XRP indicator is a custom momentum tool that blends the Relative Strength Index (RSI) and **Stochastic RSI (Stoch RSI)** into a single oscillator. It includes:
1. Combined RSI: Averages RSI and Stoch RSI for a more robust momentum signal. 2. Overbought/Oversold Levels: Highlights key levels (default: 70/30) for potential reversals. 3. Divergence Detection: Identifies regular and hidden divergences for trend reversals or continuations. 4. Pivot Points: Marks highs and lows on the Combined RSI for structure analysis. 5. Buy/Sell Signals: Generates signals when the Combined RSI crosses overbought/oversold levels at pivot points.
Key Features: - Plots RSI, Stoch RSI, and Combined RSI. - Labels divergences (`R` for Regular, `H` for Hidden). - Marks buy/sell signals (`BUY`/`SELL`).
Use Case: - Confirms trends, spots reversals, and identifies entry/exit points using momentum and divergence.
This tool is ideal for traders seeking a comprehensive view of momentum and price structure. 🚀