RSI Slope Divergence Indicator MTF

What is RSI Slope Divergence Indicator?

The RSI Slope Divergence Indicator MTF for MT5 plots linear-regression channels on the price chart and in the RSI window. It marks areas where the price and RSI slopes move in different directions.

Timeframe, RSI period, price source, channel width, line colors, and line styles can be adjusted in the existing settings. The display is intended for reviewing momentum and price structure together.

How to Use It in Practice

Compare the two regression-based center lines first: gray marks matching price and RSI directions, while red marks different directions. This is a regression comparison, not a simple line drawn from one pair of peaks or lows.

• Review the direction of the price and RSI regression lines together before examining their channel boundaries.
• Use Period and Linear regression period to compare the amount of price history included in the calculation; the red display is not timing information.
• Keep the calculation timeframe and channel presentation clear enough to distinguish a different-direction state from ordinary slope changes.

Price and RSI channels are available in one display, slope differences are marked visually, and multi-timeframe and styling controls support different chart views.

MT5 Indicator Parameters

Parameter	Description
Time frame	Sets the timeframe used for calculation. Can be the current chart timeframe or a higher/lower one for multi-timeframe analysis.
Period	Number of periods used to calculate the RSI.
Price	Selects the price type (e.g., close price) used for calculations.
Linear regression period	Defines the number of bars used to build the linear regression channel.
Linear regression channel width	Controls the distance from the central regression line to the channel boundaries.
Color of middle lines when there is divergence	Sets the color of the middle line in the channel when a divergence signal is detected.
On chart channel color	Defines the color of the price chart channel lines.
On chart channel back color	Sets the background color of the price chart channel area.
On chart channel middle line style	Specifies the line style (e.g., dotted) for the channel’s middle line on the chart.
On chart channel outer lines style	Specifies the line style for the channel’s outer boundaries on the chart.
On RSI channel color	Defines the color of the RSI channel lines.
On RSI channel back color	Sets the background color of the RSI channel area.
On RSI channel middle line style	Specifies the line style for the RSI channel’s middle line.
On RSI channel outer lines style	Specifies the line style for the RSI channel’s outer boundaries.
Unique ID for objects	Identifier used to manage and distinguish indicator objects on the chart.
Interpolation	Determines whether data is interpolated when using multi-timeframe mode.