RSI Divergence trading indicator
RSI Divergence trading indicator for MetaTrader 5 terminal is based on the RSI oscillator.
The RSI Divergence indicator draws an RSI indicator line in the basement window and displays the found prices on it and on the price chart divergence.
Divergences are only looked for in areas where the RSI line is above/below overbought/oversold levels.
The indicator has six customizable parameters:
- Period — период расчета
- Applied price — цена расчета
- Overbought — overbought level
- Oversold — oversold level
- Bullish color — цвет бычьих сигнальных стрелок и линий
- Bearish color — цвет медвежьих сигнальных стрелок и линий
Note that in a protracted trend. RSI Divergence trading indicator for MT5 can give false signals, so we recommend using it in combination with filtering indicators.
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