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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
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
Broker/Data: AMP/CQG & Kinetic
Favorite Futures: CL
Posts: 64 since Jun 2010
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Hidden Divergence
Answer
This post has been selected as an answer to the original posters question
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:
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.
