Yes, please, I'd like you to pursue this script idea in further detail. How? 2 ways: 1/ Taking in consideration just the bodies of the candles (opening&closing prices), not the wicks 2/ Including, for example (but this is much more complex even), hidden, weak and medium divergences
Or look at that example you have. If you draw a horizontal line at 40 RSI, then you can have two "u"s under 30 and then under 40. Min between those 2x verticals on RSI should be LL, HL and on the same vertical price should do LL, LL. And there we go: divergence much simpler. It might not detect all o the cases, but it doesn't have to. :)
i am currently experimenting with this indicator to add the candle pattern confirmation, i personally love the three outside up & three outside down candle patterns as my confirmation. my question is: how to add it ? IS IT JUST ADDING ((AND)) then the candle code? BTW, i finally finished completing my $1200/month child support so now i can afford to join your PSMC, i cant wait, me and my son will be joining. Thank you for all you do, i have leaned so much because of you.
"First of all, congratulations on the content. I really enjoyed the way you explain things, and in my opinion, you're one of the best in the field! I would like to know if your course has subtitles or if there's a possibility to download the transcript. I'm from another country, and here on RU-vid, I end up using translated captions to better understand. It's not ideal, but it's enough for me to grasp the lesson. Sorry if there's anything written incorrectly; I used Google Translate. :D"
Phew sh*t... Your videos were A LOT more comprehensible when you explained while you coded each line instead of dropping a chunk of code and briefly going over it - I have knots in my head now... Not sure if I understand everything, but I'll have to go over it again (and probably again after that).
I'd like to pursue this script idea in further detail by taking a page from "CT Reverse Cutlers RSI" but for the regular Wilder's RSI: the price levels table at which RSI will continue up (or down) or flip, enter various zones (Bull Control, Bear Control), and so forth. I can't really figure out how to code it for regular RSI.
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12:00 Yes please, If you have time and find it in your heart to expand on this code... Maybe into objects and arrays and detecting reversal candle stick patterns... all while focused on ultra optimizing divergences... ❤ LoL... 😂 I do enjoy your videos though! Thank you. I learn lots from you!
What we all need: A trailing profit and thus reasonable exit points. Anyone who has been programming PINE for a number of years, like me, not only knows the inadequacies of PINE, but also that entry points are easy to find and program. The exit points are much more complex. I would like it if you would publish your ideas on this. I find rigid profit-loss ratios boring because then really strong trends are not followed and re-entry is difficult.
Nice - I really like this. I trade a Back Burner set up with RSI but with a twist. I look at two timeframes. For a day trade I watch 5min Over Sold and then watch for the 1 minute Divergence. Swing trades I use a 4hr OS / OB trading with the trend. And look at the 1 hourDivergence. Is there a way to do inputs for two different timeframes?
Thank you for sharing this great and inspiring content ! I think it is more relevent to compare the RSI (based on close) to close price instead of price low. I've coded a really nice way to plot RSI Candles (based on atr and wick sizes) which seems to make sens. Let me know if you're interested to check it out :)
Hi, thanks for covering this topic, was looking into for a while. Great idea to set some distance to define the minimum slope of divergence. Of course that is only a first step, I also like the idea to add smoothed RSI and that smoothed RSI crossing RSI moving average. The strategy would be after divergence look for that crossing, at that point the movement usually is stronger and reversed.
I have been trying to learn pinescript coding for a few weeks now. I had computer programing experience in the last century but boolian logic is all ways the same. I think you are an excelent teacher and I appriciate your method of presenting the lesson. I also like that you are presenting challenging concepts to stimulate our learning curve.
i have successfully built a strategy using your RSI divergence code and added a Engulfing candle and 200EMA as confluence, I also added the PineConnector code BUT I AM GETTING A {SL=Nan} and so that is my problem. [ i am also gonna try to make the hidden divergence code too]❤
