Sniper RSI / Overbought & Oversold & Divergences Monthly Subscription
Sniper RSI / Overbought & Oversold & Divergences Monthly Subscription
Sniper RSI / Overbought & Oversold & Divergences Monthly Subscription
Sniper RSI / Overbought & Oversold & Divergences Monthly Subscription
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Sniper RSI / Overbought & Oversold & Divergences Monthly Subscription

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This Script is a RSI Area Overbought and Oversold with Divergences.

The RSI Algo is beeing calculate on a len of 7
The Oversold Area is plotted on 81
The Overbought Area in plotted on 19

With this algo you will avoid lot more false signals as if it was working on a rsi len of 14/70/30

The Green Area is telling us that we are in a Oversold Area, its a good indication for knowing that the Dip is near.

The Red Area is telling us that we are in a Overbought Area, it's a good indication for knowing that Rip is ended soon.

You will be also able to find, Bullish and Bearish Divergence like Hidden Divergence on a very low lookback pivot.

The default settings of the Divergence are 2 and 3 you can also play with it and input them on 5 and 5 but i suugest to leave it like this.

The Hline 65% Orange is my secret sauce to identify pullbacks, many times you will see in a bullish momentum or in a bearish momentum a retracement to the 65%. 
This can help us to identify pullbacks and retest.