Indicator Divergence

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Indicator Divergence

Postby Alexander.Gettinger » Wed Apr 06, 2011 1:30 am

Indicator show divergence between price and chosen indicator. User may choose any standard or custom indicator for finding divergence.

Parameter [Frames] define count of bars for identification of indicator extremums.

Indicator_Divergence.png


Download:
Indicator_Divergence.lua
(8.38 KiB) Downloaded 3270 times

Indicator_Divergence with Alert.lua
(18.89 KiB) Downloaded 980 times


Multi Source Indicator_Divergence will allow you the selection or source type.

For example the MACD has three outputs.
1) MACD
2) Signal
3) Histogram.
This is possible via the Stream Number parameter.
U can now select tick or bar source.
Unfortunately if tick source is selected, Bar-based indicator (HA, AO, AC ...) will not work.
Make sure to set source to Bar source for Bar-based indicator
Multi Source Indicator_Divergence.lua
(11.89 KiB) Downloaded 1345 times


The indicator was revised and updated
Alexander.Gettinger
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Re: Indicator Divergence

Postby alpha_bravo » Wed Apr 06, 2011 5:07 am

useful, thanks.
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Re: Indicator Divergence

Postby luigipg » Thu Apr 07, 2011 10:49 am

a signal for this one? thanks!!!
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Re: Indicator Divergence

Postby Alexander.Gettinger » Sat Apr 09, 2011 9:09 pm

luigipg wrote:a signal for this one? thanks!!!


OK. I work on it.
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Re: Indicator Divergence

Postby Nikolay.Gekht » Sun Apr 10, 2011 10:19 am

I have an idea:
1) Make the indicator core.Tick instead of core.Bar
in this case users will be able to apply the indicator at any output, including output of other indicators:
http://www.fxcodebase.com/wiki/index.ph ... tor_Source
2) Remove the selection of the indicator to find divergences and let the user to choose the proper source.

So, the indicator will be simpler, faster and more flexible. For example the user will be able to find divergences of indicators such as MACD of MVA or, for example, just a median prices.
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Re: Indicator Divergence

Postby hardik_bilota » Tue Jun 14, 2011 2:38 am

Hi,

I am a beginner and I do work with Hiken-Ashi chart. I downloaded this indicator and found it really good, Thanks for it.

However I am confused about the labels. Please confirm my understanding for the same
Reversal Bearish - Means uptrend is over and downtrend is next.
Reversal Bullish - Means downtrend is over and uptrend is next.

Also suggest what should be the parameters set to like time period for 1Min, 3Min, 5Min and 15Min chart. Currently I am using 12-26-9

Regards,
Hardik
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Re: Indicator Divergence

Postby 2excel » Sun Oct 20, 2013 7:26 am

Hi

I love this indicator. Any chance it can detect hidden divergence?
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Re: Indicator Divergence

Postby speakinmymind » Mon Oct 21, 2013 11:00 am

Great indicator, can someone please develop a trading strategy / alert,!
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Re: Indicator Divergence

Postby speakinmymind » Mon Oct 21, 2013 12:49 pm

Could you please add the feature to show the corresponding divergence lines on the price? Thanks!!
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Re: Indicator Divergence

Postby Apprentice » Tue Oct 22, 2013 4:13 am

Your request is added to the development list.
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