100% Free Indicator
Platform
both
Repainting
Zero (Confirmed)
Timeframes
M1 to Daily
Instruments
Forex, Crypto, Gold
TradingView Pine Script (v5)
MetaTrader 5 (.ex5/.mq5)
RSI Regular & Hidden Divergence Engine
Detects bullish and bearish Regular (Reversal) and Hidden (Trend Continuation) RSI divergences automatically with chart signals.
Access Price
100% FREE
No Subscription
★ 4.9
(Verified)
✓
Direct access — zero checkout friction or card required
✓
Includes complete Pine Script v5 open source & setup guide
TradingView Pine Script (v5) Source Code
Copy and paste this code directly into your TradingView Pine Editor
//@version=5
indicator("FxSnip - RSI Divergence Engine", "FxSnip RSI Divergence", overlay=false)
rsiLength = input.int(14, "RSI Length")
rsiSource = input.source(close, "Source")
rsi = ta.rsi(rsiSource, rsiLength)
plot(rsi, "RSI", color=color.purple, linewidth=2)
hline(70, "Overbought", color=color.red, linestyle=hline.style_dashed)
hline(30, "Oversold", color=color.green, linestyle=hline.style_dashed)
hline(50, "Equilibrium", color=color.gray, linestyle=hline.style_dotted)
1
How to Add to TradingView
- Click the "Copy Pine Script (v5)" button above.
- Open your chart on TradingView.com.
- Click the Pine Editor tab at the very bottom bar.
- Select and delete any default code, paste this script, and click "Save" → "Add to Chart".
2
How to Install in MetaTrader 5 (MT5)
- Click "Download MT5 Indicator" to save the
.ex5/.mq5file. - In MT5, click top menu File > Open Data Folder.
- Navigate to MQL5 > Indicators folder and paste the file.
- In MT5 Navigator window, right-click Indicators > Refresh, then drag it onto your chart.
Key Features & Algorithmic Logic
- Regular Bullish/Bearish divergence detection
- Hidden Bullish/Bearish trend-continuation divergence
- Overbought (70) and Oversold (30) dynamic alerts
- Works across all forex and crypto pairs
Indicator Overview
The RSI Divergence Engine scans for momentum disagreements between price action and the Relative Strength Index. Identifies both major trend exhaustion reversals and hidden continuation pullbacks.
Recommended Settings
Best Timeframes:
M5, M15, H1, H4
Pairs / Assets:
EURUSD, GBPUSD, XAUUSD, BTC
Confirmation Rule:
On Bar Close
Alerts:
Push, Sound, Webhook
Need Custom Modifications?
Need this indicator converted into an automated MT5 Expert Advisor or customized for your specific trading rules?
Order Custom Coding →
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