Solving for Regular Divergence btw Price and BBMACD in BloodHound - NinjaTrader Programming | futures io social day trading

Solving for Regular Divergence btw Price and BBMACD in BloodHound
 Updated: January 30th, 2015 (11:46 AM) Views / Replies: 2,547 / 6 Created: November 11th, 2013 (01:37 AM) by buddy858 Attachments: 7

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# Solving for Regular Divergence btw Price and BBMACD in BloodHound

 November 11th, 2013, 01:37 AM #1 (permalink) Elite Member Mandeville, LA   Futures Experience: Intermediate Platform: Ninja Trader, Tradestation Favorite Futures: CL, GC, ES     Posts: 101 since Dec 2011 Thanks: 495 given, 146 received Solving for Regular Divergence btw Price and BBMACD in BloodHound I wanted to share with everyone how I am solving for Divergence between Price and the BBMACD within BloodHound. This method is a simple, yet very effective, way to find regular divergence, and I believe these examples should provide logic enough for someone to turn this into an indicator. I am using Donchian Channels—one on price and the other on the BB MACD. When the low of the price bar is equal to the lower Donchian Channel, price is making either a double bottom or a new low within the period. If at the same time, the BB MACD is above the lower Donchian Channel of the same period, there is a bullish divergence—vice versa for bearish divergence. This is the meat of the method. It would be wonderful if someone here could turn this into an indicator for the MACD, MACDBBlines, RSI, or any other oscillator, that futures.io (formerly BMT)ers could use. Using two sets of Donchian Channels, that could be user defined, might be the way to go, so as to catch both the divergences within 30 or so bars and the divergences farther apart, say up to 65 or so bars. Of course, if you’re going to use Stochastics or a histogram type oscillator, just one set of Donchian Channels would probably be fine. I won’t go into trying to write out all of the Pseudo Code. There is a flow chart attached which defines most of the logic. This seems to work very well—better than anything I’ve seen, so far. It functions correctly across all chart type. Please see the examples below on the ES, 4 tick range bars… Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Hope this helps someone. Daniel Attached Thumbnails
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 November 11th, 2013, 01:37 AM #2 (permalink) Quick Summary Quick Summary Post Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

Futures Experience: Beginner
Favorite Futures: oil, russel 2000

Posts: 10 since Nov 2011

Template

Hello Buddy

This is looks really good, can I have Blood hound template please for this MACD Div. Set up

buddy858
 I wanted to share with everyone how I am solving for Divergence between Price and the BBMACD within BloodHound. This method is a simple, yet very effective, way to find regular divergence, and I believe these examples should provide logic enough for someone to turn this into an indicator. I am using Donchian Channels—one on price and the other on the BB MACD. When the low of the price bar is equal to the lower Donchian Channel, price is making either a double bottom or a new low within the period. If at the same time, the BB MACD is above the lower Donchian Channel of the same period, there is a bullish divergence—vice versa for bearish divergence. This is the meat of the method. It would be wonderful if someone here could turn this into an indicator for the MACD, MACDBBlines, RSI, or any other oscillator, that futures.io (formerly BMT)ers could use. Using two sets of Donchian Channels, that could be user defined, might be the way to go, so as to catch both the divergences within 30 or so bars and the divergences farther apart, say up to 65 or so bars. Of course, if you’re going to use Stochastics or a histogram type oscillator, just one set of Donchian Channels would probably be fine. I won’t go into trying to write out all of the Pseudo Code. There is a flow chart attached which defines most of the logic. This seems to work very well—better than anything I’ve seen, so far. It functions correctly across all chart type. Please see the examples below on the ES, 4 tick range bars… Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s). Hope this helps someone. Daniel

 The following 2 users say Thank You to GeeBee for this post:

 October 11th, 2014, 09:47 PM #4 (permalink) Trading Apprentice Panama city, Panama   Futures Experience: Intermediate Platform: TradeStation, NinjaTrader Broker/Data: TradeStation, ICM Forex Favorite Futures: CL, ES, NQ, ZB, GC, Forex   Posts: 9 since Aug 2014 Thanks: 71 given, 3 received Bloodhound Soft Are you still using the Bloodhound software, is it good? I am planning to purchase it.

 October 13th, 2014, 11:41 AM #5 (permalink) Elite Member Brielle, NJ   Futures Experience: Beginner Platform: NinjaTrader Favorite Futures: ES   Posts: 7 since Jan 2011 Thanks: 0 given, 1 received BloodHound template Hi Buddy, I really like this. Could you or anyone please post the Bloodhound template for this BH indy? It can be posted with an .xml vs .bht to get past the security police and later renamed back to .bht by the recipient. Thanks in advance, TheHawke

Elite Member
New York

Futures Experience: Intermediate
Platform: thinkorswim
Favorite Futures: options

Posts: 28 since Feb 2014

chakspin
 Are you still using the Bloodhound software, is it good? I am planning to purchase it.

I've been using Bloodhound for about 3 weeks or so and have already done some amazing things with out. Its very powerful and easy to use, highly recommended. The only thing that its missing is trade management. It comes with SiRaven (A basic Profit/Stop strategy) which one uses to call upon the templates you make.

I just joined up futures.io (formerly BMT) so I can learn to modify SiRaven as to incorporate mutiple profit targets, and MOVE TO BREAKEVEN type of triggers. SiRaven does allow you to use ATM's but those cannot be backtested, so this is why Im preferring to build it right into the strategy itself so I can backtest and Optimize them.

 January 30th, 2015, 11:46 AM #7 (permalink) Elite Member Colorado Springs   Futures Experience: Intermediate Platform: Sierra Chart, Ninja Trader Broker/Data: IQFeed, AMP/CQG Favorite Futures: EC, ES, TF     Posts: 130 since Oct 2010 Thanks: 37 given, 20 received Solvers for this Study? Hi Buddy, Can you please post the BH Solvers you used to build this study? Thx!

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