I dont thing there is such a thing but I would invite you to follow my thread "My 6E trading strategy" located here on futures.io (formerly BMT) where the hidden divergence is explained in great detail and is an integral part of my trading method
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In an uptrend:
"Regular Divergence" uses the High Pivots for trend lines. We have Higher Highs in Price but lower highs in the Indicator. With Regular Divergence we trust the Indicator for the Direction of future price action. The Indicator is telling us that the Trend may be over.
"Hidden Divergence (or Reverse Divergence) uses the low Pivotsfor trend lines. We have Higher Lows in price and lower lows in the Indicator. Reverse Divergence is the opposite; we trust Price and not the Inciator for the Direction of future price action. The Indicator is saying the Trend is over and Price is saying the Trend will continue. Hidden Divergence is more reliable than Regular Divergence because it's signal is with the Trend.
In a downtrend: Same thing but upside down.
The following 3 users say Thank You to Trader Duck for this post:
Please remove old version before installing this one.
Current version is V7
This indicator tries to detect price/indicator divergence.
Any indicator in Ninja can be used and detection is possible on historical and real time charts.
To set the …
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Looks promising judging from the screenshot. Have you used the DLL for convenience or to protect your work? In the first case, can you comment on how you coded it? That way I can perhaps convert it to MultiCharts, with full credit to you of course.
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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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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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!!!
here would be a great addition to your divergence indicator if you end up doing a version 3 --- this is the adaptive CCI by Winfrey --- purty good too :-) adaptive CCI
hi Wingman,
just downloaded your indicator and playing around with it. may I please ask you to add MACD to your indicator, or share the source code. Many thanks in advance
P.S.
I know it shows V2 in futures.io (formerly BMT) download, but it is actually the last V3, I probably don't understand something in the upload indicator section.
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This is a divergence indicator with CCI, Momentum , DoubleStochastics & RSI. I tried to add TSI to it and asked wwwingman's help.
You can see a picture of this indicator at :
Please remove old version before installing this one.
Current version is V7
This indicator tries to detect price/indicator divergence.
Any indicator in Ninja can be used and detection is possible on historical and real time charts.
To set the …
BTW : final V4 version available in the download elite section. I've added few indicators many people asked (like MACD), so this is probably the most important version of the indicator.
I suppose the notification will be sent a little later.
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Folks I try to plot divergenze in Ninja and they are great.
Is there alo divergence indicator for multicharts, i don't find in section?
ALso indicaotr %B is there someothe that has for multicharts?
