RSI Divergence Indicator for MetaTrader 5
Detect bullish and bearish divergence between price and RSI automatically
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About This Indicator
Scans for classic RSI divergence patterns in real time, drawing visual arrows when price and RSI move in opposite directions. Identifies both bullish divergence (price lower lows, RSI higher lows) and bearish divergence (price higher highs, RSI lower highs). Perfect for catching reversals early.
Key Features
- Visual arrows for bullish and bearish divergence
- Configurable RSI period and levels
- Alert system with popup, email and push notifications
- Works on all timeframes and instruments
- Non-repainting signal detection
Frequently Asked Questions
What is RSI divergence?
RSI divergence occurs when price makes a new high or low but the RSI does not confirm it, signaling potential trend reversals.
Is this indicator free?
Yes - generate your custom RSI divergence indicator for free with Chartinator.
Will it repaint?
No - the indicator confirms signals only on closed bars and is non-repainting.
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