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Delta divergence indicator available in the elite section for Ninjatrader7?
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Delta divergence indicator available in the elite section for Ninjatrader7?

  #11 (permalink)
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Please keep in mind this thread is not Elite, so only link to Elite files posted in correct section of forum.

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  #12 (permalink)
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Ok

Sure, will do.

-Nick

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  #13 (permalink)
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your indicator sounds like just what I am after


Thanks Nick, your indicator sounds just like what I am after. Much appreciated if you post a link to it!

Timo


nickse2003 View Post
Hey Timo77,

Are you referring to a sub-chart in which candlesticks are formed by volume (cumulative delta)? I had such an indicator coded that highlights the candles when divergence occurs. I'm going to post it as soon as I take a screenshot of it in action (when market resumes).

It's function:

Buy volume, price divergence: Occurs when price ticks below the starting point price (from indicator running time), and there is accumulated buy volume delta (more buying than selling volume). Current candle's outline and wick is a thick magenta color during this time.

Sell volume, price divergence: Occurs when price ticks above the starting point price (from indicator running time), and there is accumulated sell volume delta (more selling than buying volume). Current candle's outline and wick is a thick cyan color during this time.

In both instances, completed candles retain their characteristics.
This chart is a sub-panel below the regular price chart.

Hopefully, this will help!

-Nick


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  #14 (permalink)
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Delta divergence

Thank you nick for posting the delta divergence indicator.do you suggest using it on any particular timeframe.will test it tomorrow.thank you again

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  #15 (permalink)
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No problem, Chartman.

I'm not an experience trader, but from spending countless hours of scouring the web and reading books, I think I have a solid understanding of the market auction process. It's always a learning process, indeed.

I'm still experimenting with the indicator, myself. What I'm doing now is opening three different charts, side by side, with the indicator on a 60-minute, a 15-minute, and a 5-minute time frame. It's a 'real-time' indicator, so be sure not to alter the data series or add other indicators while this one is running or else it'll reset! I personally, wouldn't use it as a "stand-alone" method for entries and exits, but rather in conjunction with other indicators and/or methods. I hope to have more of my ideas coded soon.

One more thing, make sure to go under the indicator options window and click the 'calculate bar on close' tab to 'false' so the bars will line up with one another, and not one behind.
Good luck in your trading!

-Nick

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  #16 (permalink)
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Nick,

Interesting code - thanks for posting. You can add CalculateOnBarClose = false; in Initialize then the indicator will always run 'live'.

If you wanted to load historical Bid/Ask data you could use the Gom framework by basing your code in a copy of GOMDeltaVolume or GomCD and running one instance with WriteData = true.

Good luck

rt

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  #17 (permalink)
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Excellent idea RT. As it is now, I keep my computer running 24/5.

COTtrader


rt-trader View Post
Nick,

Interesting code - thanks for posting. You can add CalculateOnBarClose = false; in Initialize then the indicator will always run 'live'.

If you wanted to load historical Bid/Ask data you could use the Gom framework by basing your code in a copy of GOMDeltaVolume or GomCD and running one instance with WriteData = true.

Good luck

rt


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  #18 (permalink)
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Hi, Nick,

Excellent indicator. Most interested in finding someone to build this into the GOM framework in order to save the data. I look at delta volume inventory over a 1 to 4 week period. Unable to leave my charts open and computer running 24/7. Therefore, might I have your permission to request that someone from this site add the indicator to the GOM framework?

Thank you for this gift. It is now the only reason I have to not take out a Market Delta or RT subscription.

By the way, Market Delta's delta divergence indicator looks for divergent buy opportunities below the VWAP -1 dev band or a sell from above the +1 dev band. Probably works great on rotation days. ryanCurrentDay VWAP works nicely for me. Might even be possible in the future to code it into an efficient VWAP with at least 2 sets of dev bands.

Truly thanks!

COTtrader
"Ken"

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  #19 (permalink)
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Here is a pix from today looking at the 2 pm divergence on a 5 minute chart of the ES.

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Delta divergence indicator available in the elite section for Ninjatrader7?-5min-example.png  
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  #20 (permalink)
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Nick, this indicator is fascinating for reading "divergence" as chop. It can signal divergence for hours. Read: Do the laundry.

Thanks for your work and for sharing.

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