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    SVEStochRSI can be used for confirmation of trend reversals/continuation based on divergences and convergences of price and indicator: Positive divergence occurs when the price makes a lower bottom while the oscillator makes a higher one.

  • A bearish divergence consists of an overbought RSI reading, followed by lower high on RSI.
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  • I'm wondering if the rsi divergence study code you see below can be modified to show signals under just the following conditions: 1/ RSI rises above the 30-threshold (to confirm that a 1st bottom has been formed).
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  • This framework aims to remove the bias or noise many see when looking for any supporting evidence to their given emotion on a.
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