BEST RSI Divergences Screener (Regular and Hidden)

The BEST RSI Divergences Screener (Regular and Hidden) indicator provides a multi-asset dashboard for detecting both regular and hidden RSI divergences across various symbols. This tool allows traders to monitor up to four different financial instruments simultaneously, identifying potential trend reversals or continuations through a unified visual interface.

Usage

The screener displays symbols on a dedicated panel with visual cues to indicate divergence status:

• Square Marker: Appears when a regular or hidden divergence is detected.
• Green Color: Indicates a bullish divergence (Regular: price lower low + RSI higher low; Hidden: price higher low + RSI lower low).
• Red Color: Indicates a bearish divergence (Regular: price higher high + RSI lower high; Hidden: price lower high + RSI higher high).
• Neutral Dash: Displays when no divergence is present.

Traders can use this to scan for high-probability setups across Forex, Crypto, or Stocks without switching charts. Alerts can be configured to trigger when any screened asset develops a bullish or bearish divergence.

Details

The script utilizes the Relative Strength Index (RSI) combined with pivot point detection (left and right lookback) to identify structural shifts. Regular divergences typically suggest a trend reversal, while hidden divergences often signal trend continuation. The script is designed to avoid repainting by referencing fixed historical bars for pivot confirmation. It uses request.security to fetch data for the selected symbols, ensuring that the screener reflects the current timeframe of the chart it is applied to.

Settings

RSI Settings

• RSI Length: Determines the period used for the RSI calculation.
• Pivot Lookback Right: The number of bars to the right of a pivot point required for confirmation.
• Pivot Lookback Left: The number of bars to the left of a pivot point required for confirmation.
• Max of Lookback Range: The maximum number of bars allowed between two pivots to qualify for a divergence.
• Min of Lookback Range: The minimum number of bars required between two pivots to qualify for a divergence.
• Detect Hidden Divergences?: Toggles the detection of hidden divergence patterns.

Symbols

• Symbol 1 - 4: Allows users to input the ticker symbols for the assets they wish to monitor in the screener.

FAQ

How do I access BEST RSI Divergences Screener (Regular and Hidden)?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Why do some signals appear with a delay?

The indicators rely on pivot lookbacks (Right Lookback) to confirm a peak or trough. A signal will only appear once the specified number of bars has passed to confirm the pivot point is valid and not repainting.

Can I change the symbols to any asset?

Yes, the symbol inputs support any ticker available on TradingView, including crypto pairs, stocks, indices, and forex pairs.