I have no intention of selling it... just want to improve it with help of traders. It's a DLL since I saw some code going out of futures.io (formerly BMT) and being sold...
I tried few ways, with complicated and less complicated indicators like price action swing etc. I believe the easiest way is to simply compute pivots of price and indicator. when the divergence happen around the same bar check for price pivot making a new HL and indicator making new LL. If so it's a hidden divergence for long signal. (LH/HH for short).
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Last edited by wwwingman; September 30th, 2011 at 09:33 AM.
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I have not found a dynamic way to add indicators (so the user can add or set as input his own indicator).
This means I have to program it.
One other thing is that for a lot of indicators, I am not sure what am I supposed to compare the divergence to. This may seem stupid but people tend to use indicators differently. For, exemple, a "simple" stochastics have few indicators in it (D/K/MA..) and people tend to use all of them or some of them for divergence.
This ihy I decided to add only indicators with 1 parameter, the period.
Next version the indicator will be available with source code. So people will be able to play around with it and add whatever they want.
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Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
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Excellent work Wingman. FisherTransform (NT7 default) is a real simple oscillator, responsive, and yet greatly unappreciated indicator to add to your Divergence code. The pivot points form sharp and less noisy. Please give it your consideration.
i thought DLL's were illegal on futures.io (formerly BMT)? :-) but i guess Feltontrading opened the door for dlls on futures.io (formerly BMT) ... just a suggestion.... it is a bit challenging not being able to see the code as it would be great to try and port it over to a few other platforms... like W59 or Multicharts or to develop it a bit further on ninja adding other things such as MACD/Fsiher etc ... ... but either way thanks for posting the indicator it really is a nice piece of work!!!