Is there any way to know if RSI is Bullish Divergences or Bearish Divergences ?

[SmallrookieQ]

Is there any way to know whether the RSI has formed a bullish deviation or a bearish deviation?

[DaveSkender]

We've explored this concept of "divergence" as some form of an indicator (see #434) and found it to be a poor fit as an indicator for the library; but, still do respect the technical analysis concept of it. Checkout #434 for some ideas, first. Happy to explore ways to do this as well; which may be easier since we introduced chaining concepts in v2.

One of the prerequisites for this analysis was implemented in our Pivots indicator; it can be used to find these line segments on both price and RSI using chaining.

var prcPivots = quotes
  .GetPivots();

var rsiPivots = quotes
  .GetRsi(..)
  .GetPivots();

[jimtollan]

maybe this use of pivots along with confirmation (you suggested adx in this post), could reap benefits...

will explore