christopherbengtsson / crypot-alerter

RSI Divergence

• Regular Bullish Divergence: Occurs when the price makes a lower low, but the RSI makes a higher low. This indicates potential upward price movement.
• Regular Bearish Divergence: Happens when the price makes a higher high, but the RSI makes a lower high. This suggests potential downward price movement.
• Hidden Bullish Divergence: Seen when the price makes a higher low, but the RSI makes a lower low. It often indicates a continuation of an uptrend.
• Hidden Bearish Divergence: Occurs when the price makes a lower high, but the RSI makes a higher high. It often signals a continuation of a downtrend.

Technical Requirements

• Type: Wilders
• RSI Source: Close
• RSI Length: 14
• RSI EMA Length: 12
• Lookback Bars: 28
• Confirmation Logic: Close below wick low for bearish / Close above wick high for bullish.

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RSI Settings: Lengh: 14, Source: close,

RSI Divergences: bull price source: close, bear price source: close, divergence source: price, low/high left bars: 3, low/high right bars: 3, minimal lookback bars: 1, maximum lookback bars: 90, lookback lows/highs: 28, price threshold: 0, RSI threshold: 1