RSI Hidden Divergence

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08/23/2020 at 2:13 PM #142336 quote

Oliviertrader2020
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Hello,
Nicolas and members of Prorealcode have programmed a number of very effective indicators to detect classic discrepancies.
Is it possible that someone could help me to create an indicator that detects hidden discrepancies?

As you can see in the 2 screenshots, a hidden bullish divergence appears in an uptrend (EMA50>EMA200), when prices are lower, higher than the previous low, while the RSI level is lower than the previous low.
A hidden bearish divergence appears in a bearish trend (EMA50
RSI-UP.png RSI-DOWN.png

08/23/2020 at 2:54 PM #142340 quote

robertogozzi
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Master

Searching this forum for the word HIDDEN returned some links, among them: https://www.prorealcode.com/prorealtime-indicators/rsi-classical-hidden-divergences-indicator/

08/23/2020 at 3:49 PM #142352 quote

Oliviertrader2020
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Hello Robert, thanks for the link. As I mentioned, while the indicators on the site are excellent for classic discrepancies, they are much less so for hidden discrepancies, and this indicator does not perform well for hidden discrepancies.
So if anyone can help me.
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RSI Hidden Divergence

ProBuilder: Indicators & Custom Tools

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Oliviertrader2020 @oliviertrader2020 Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by Oliviertrader2020
5 years, 5 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	08/23/2020
Status:	Active
Attachments:	2 files

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