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Divergence on RSI with Bollinger Band

Partha Banerjee · 2019-07-22T13:43:10+00:00

Hello, below mentioned (in the code section) is the code for a RSI and its related Bollinger Band (BB). Help is needed for plotting divergence (defined by (1) ZSR (defined in the PRT code) touching LB (defined in the PRT code) and then price going down to make a lower low but ZSR staying above LBB, (2) ZSR touching UB and then price going up to make a higher high but ZSR staying below UBB). ZMYR = RSI[21](close) ZSR = RSI[2](ZMYR)-50 M=wilderAVERAGE[18](ZSR) SD=STD[18](ZSR) UB=M+1.2*SD LB=M-1.2*SD Return zsr as "MOMENTUM", ub as "OverBought", lb as "OverSold"

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Divergence on RSI with Bollinger Band

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07/12/2020 at 2:38 PM #139084 quote

Dominicg01
Participant

New

HI Nicolas

I hope your well.

Quick questions. I have found this code to be very useful. Is there any way this could trigger an alert automatically where a divergence occurs ( a alarm alert )? Thanks Dom

07/13/2020 at 2:36 PM #139157 quote

Nicolas
Keymaster

Legend

Simply use the alert tool and detect if “result” is different from 0 (+1 or -1 for bullish / bearish divergences).
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Divergence on RSI with Bollinger Band

ProBuilder: Indicators & Custom Tools

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Partha Banerjee @parthapersonal-2 Participant

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This topic contains 16 replies,
has 4 voices, and was last updated by Nicolas
6 years, 3 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	07/22/2019
Status:	Active
Attachments:	4 files

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Divergence on RSI with Bollinger Band

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Divergence on RSI with Bollinger Band ProBuilder: Indicators & Custom Tools

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Divergence on RSI with Bollinger Band

ProBuilder: Indicators & Custom Tools