A-Share Stock Selection Using RSI Divergence at Extreme Levels

Summary

This document describes an RSI divergence indicator that draws RSI in a separate pane and marks detected divergences both there and on the price chart. Its inputs include the calculation period, applied price, overbought and oversold thresholds, and separate colors for bullish and bearish markings.

The defining constraint is that divergence detection is limited to RSI segments above the overbought threshold or below the oversold threshold. The document does not explain how pivots or divergence pairs are identified, provide default parameter values, or describe entry, exit, or risk rules. It offers no backtest or performance evidence, so it serves as a brief description of an indicator’s display and detection scope rather than a validated trading strategy.

Key ideas

• The indicator displays RSI separately and marks divergences on both RSI and price charts.
• Its settings include the RSI period, applied price, and overbought and oversold thresholds.
• Divergences are detected only while RSI is beyond one of the specified extreme levels.
• The description provides no trading rules, parameter defaults, or performance evaluation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.