What is hidden RSI divergence?

Hidden divergence: This type is formed when the price is making a higher swing low or a lower swing high. Classifying RSI divergence based on the type of signal it gives: Bullish divergence: This is an RSI divergence that gives a bullish reversal signal. Bearish divergence: This is an RSI divergence that gives a bearish reversal signal.

When does a bearish divergence form on the RSI?

This divergence mostly forms after a prolonged downtrend or a multi-legged pullback in an uptrend, and it indicates a bullish reversal signal. The classical bearish divergence forms on the RSI when the price is making a higher swing high while the RSI is making a lower high.

What is minbarrange RSI divergence indicator?

MinBarRange: minimum distance from two consecutive RSI Highs or RSI Lows, Default=3 Comparing my indicator with ProRealTime RSI Divergence Indicator (using same parameters values), i found that entry points are exactly the same, except for new arrows added by my indicator in case of hidden divergence.

What is a bullish divergence RSI signal?

The bullish divergence MACD signal uses the point of the cross between the MACD lines in the indicator window as the reference signal from the oscillator. Furthermore, the bullish divergence RSI signal uses a special setup on the RSI signal line known as the failure swing.