RSI Divergence (Python)

Strategy based on RSI divergence RSI Divergence searches for price extremes unconfirmed by the RSI oscillator. A bullish divergence leads to a buy and a bearish divergence prompts a sell. The trade lasts until RSI reverses or a stop fires. Divergence setups often emerge near the end of long trends. By comparing the oscillator's behavior with price action, the strategy attempts to catch early reversals with controlled risk.

• Entry Criteria: Signals based on RSI.

• Long/Short: Both directions.

• Exit Criteria: Opposite signal or stop.

• Stops: Yes.

• Default Values:

• RsiPeriod = 14

• StopLossPercent = 2m

• CandleType = TimeSpan.FromMinutes(5) [*]Filters:

• Category: Trend

• Direction: Both

• Indicators: RSI

• Stops: Yes

• Complexity: Basic

• Timeframe: Intraday (5m)

• Seasonality: No

• Neural Networks: No

• Divergence: Yes

• Risk Level: Medium