RSI Divergence Screener

The RSI Divergence Screener indicator monitors and displays RSI divergence signals for up to 20 user-defined assets simultaneously. It provides a real-time dashboard tracking the time elapsed since the most recent bullish or bearish divergence across multiple symbols using the current chart's timeframe.

Usage

The screener is primarily used to identify market reversals or trend exhaustion across a broad watchlist without manually switching charts.

• Dashboard Interpretation: The table displays the symbol, current RSI value, and two columns indicating how many "units" (bars or days) have passed since the last divergence.
• Bullish Divergence: Indicated by a value in the "Bullish" column. For example, if "15" is displayed, a bullish divergence occurred 15 bars/days ago.
• Bearish Divergence: Indicated by a value in the "Bearish" column.
• Multi-Asset Tracking: Users can input up to 20 different tickers (e.g., BTCUSDT, ETHUSDT, DXY) to be scanned concurrently.

Details

The script identifies divergences by comparing the Relative Strength Index (RSI) with price action using Pivot Highs and Pivot Lows.

• Bullish Divergence: Occurs when price makes a lower low, but the RSI makes a higher low.
• Bearish Divergence: Occurs when price makes a higher high, but the RSI makes a lower high. The indicator calculates the time elapsed since these pivot points were confirmed, allowing traders to gauge the freshness of a signal. The logic is based on the RSI Divergence Scanner but adapted into a matrix-based table for multi-symbol support.

Settings

Divergence

• Divergence Period: Sets the lookback period for pivot detection (default is 21).
• Show Divergences: Toggles the visibility of divergence labels.
• Line Color/Width: Customizes the visual appearance of the divergence lines.

Table Styling

• Bar or Day: Determines if the "Days Ago" column calculates based on elapsed bars or calendar days.
• Position/Size: Adjusts the placement (e.g., Top Right) and scaling of the on-screen table.
• Colors: Customizes the background, text, and gradient colors for bullish/bearish cells.

Table Sorting

• Sort by: Allows the table to be sorted by Symbol name or remain in the input order.
• Direction: Sets sorting to Ascending or Descending.

Symbols

• Symbol Inputs (1-20): Checkboxes and input fields to define which assets are tracked by the screener.

FAQ

How do I interpret the numbers in the table? The numbers represent the count of bars or days (depending on your settings) that have passed since the last confirmed RSI divergence signal for that specific asset.

Can I use this on any timeframe? Yes, the screener automatically uses the timeframe of the chart you are currently viewing for all symbols in the list.

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