This scanner searches for RSI divergences, which signal possible reversals. A bullish RSI divergence is when price is making new lows, but the RSI is less "oversold." A bearish divergence is when price is making new highs, but the RSI is less "overbought."
The study on the price chart plots buy and sell arrows for bullish and bearish divergences, respectively. These arrows are real-time and do not repaint. The RSI Histogram indicator, which makes it easier to spot divergences, is also included.