This Indicator detects Divergence based on multiple Pivot points instead of just one. - You can detect divergence on these Oscillators: - RSI, RVSI, MFI, TRIX RSI, OBV and more soon You can detect bullish and hidden bullish divergence: - bullish divergence: Oscillator makes a higher low while price is making a lower low - hidden bullish divergence:...
RVSI Indicator with multiple stepwise plot lines for deeper trend analysis.
This indicator colors the background in vertical (green/red) stripes to indicate if the current trend is possibly bull / bear A region where the background is not colored indicates that the present trend can not be identified The algo combines the RVSI (Relative Volume Strength Index {ref fract} ) and the MACD The Relative Volume Strength Index has been...
RVSI is an alternative volume-based indicator that measures the rate of change of average OBV. How to read a chart using it? First signal to buy is when you see RVSI is close to green oversold levels. Once RVSI passes above it's orange EMA, that would be the second alert of accumulation. Be always cautious when it reaches 50 level as a random...