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BMT Divergence 5 *
VIP members only! Do NOT distribute this to anyone else!

This is an improvement over the OBV Diver previously released to VIP members. The new BMT Diver has a lot of additional options as you can see from the screen shots below. There are more too but I only wanted to take so many screen shots.

Let me also say it will not repaint unless the Plot Style is Line. Using Dot or Hash for plotstyle will prevent repainting (which by default is uses a Dot).

** DO NOT DISTRIBUTE **

Thanks to the VIP members for all their support!

This will show divergence with the following:
SMA, EMA, HMA, JMA, WMA, VMA, ZeroLagEMA, VWAP, CCI, RSX, R, RSI, Bollinger, MACD, Elliot, LinReg, and ADL.

The zero line is important. It is wise to only take longs above the Zero Line, and shorts below it. Please note, the Diamonds/Squares below are different than the OBV Diver indicator previously released, I swapped them around a bit.

Blue dot = no divergence, buy - take note of zero line
Red dot = no divergence, sell short - take note of zero line
Cyan diamond = divergence, buy with caution or look for failure then sell short
Magenta square = divergence, short with caution or look for failure then buy long

Mike

COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: NOT TESTED [feedback]


Category The Elite Circle 
 
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Details: BMT Divergence
Category: The Elite Circle 


December 3rd, 2009
Size: 47.80 KB


Keywords: bmt divergence
Comments/ratings
5 * coolfutures July 30th, 2011 06:29 PM
Looks Good ! will test it and let you know. Thanks
5 * nrwrules August 8th, 2011 08:04 PM
I am on a divergence kick too as I like the approach from Cynthia Kase
5 * Tanju23 May 1st, 2012 12:06 AM
Anyone have any luck with this on NT7? It wouldn't import on mine.

-Steve
4 * kosar May 4th, 2012 05:06 PM
Tanju23 didn't import on my NT7 either. But the BMT Divergence Indicator, Optimized did.

 
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