HaP RSI Combo

The HaP RSI Combo indicator provides a comprehensive screening solution that monitors up to 200 symbols simultaneously to detect RSI divergences and RSI Moving Average crossovers in real-time. By aggregating bullish and bearish signals into a single dashboard, it eliminates the need to cycle through multiple charts to find potential trade setups.

Usage

The Usage section allows users to monitor broad market segments by selecting from five customizable symbol lists. Each list supports up to 40 tickers, which can be manually entered in the settings.

The dashboard categorizes signals into two main columns:

• Green Column (Bullish): Displays signals for Regular Bullish Divergence (PU), Hidden Bullish Divergence (GPU), and RSI crossing above the Moving Average (AL/BUY).
• Red Column (Bearish): Displays signals for Regular Bearish Divergence (NU), Hidden Bearish Divergence (GNU), and RSI crossing below the Moving Average (SAT/SELL).

Users can adjust the specific timeframe for the scan independently of the chart timeframe, allowing for multi-timeframe analysis within a single view.

Details

The script implements two primary technical methodologies:

1. Divergence Detection: It analyzes price action relative to RSI peaks and troughs using customizable pivot lookback settings. It identifies both regular divergences (potential reversals) and hidden divergences (potential trend continuations).
2. RSI & MA Crossover: This feature tracks the relationship between the RSI and a selected Moving Average. Traders can choose between various MA types including SMA, EMA, SMMA (RMA), WMA, and VWMA to match their specific strategy requirements.

Settings

General Settings

• Which List Do You Want to Scan?: Selects which of the five predefined symbol groups to display on the dashboard.
• Timeframe: Sets the specific timeframe for the RSI and Divergence calculations.

Appearance

• Background Transparency: Controls the opacity of the table background.
• Text Transparency: Adjusts the visibility of the text within the table.
• Text Size: Modifies the font size for better readability on different screen resolutions.

Divergence Settings

• Pivot Lookback Right/Left: Determines the number of bars used to identify pivot highs and lows for divergence detection.
• Max/Min Lookback Range: Defines the bar range within which the script searches for divergences.

RSI MA Crossover

• RSI Length: Sets the lookback period for the RSI calculation.
• MA Type: Selects the mathematical model for the Moving Average (e.g., SMA, EMA).
• MA Length: Sets the lookback period for the Moving Average applied to the RSI.

FAQ

How do I add symbols to the scanner? Navigate to the indicator settings and scroll down to the List sections (List 1 through List 5). Manually enter your desired tickers into the symbol input fields.

What do the abbreviations PU, GPU, NU, and GNU mean? These represent Regular Bullish (PU), Hidden Bullish (GPU), Regular Bearish (NU), and Hidden Bearish (GNU) divergences based on the original Turkish terminology used in the dashboard.

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