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How do you use the Divergence Input Series indicator for NT8?
Does anyone have experience using the divergence input series indicator for NT8? Iim trying to figure it out and am not having much luck...any guidance would be greatly appreciated...
thanks
Can you help answer these questions from other members on NexusFi?
Did you get any direct responses or did you work out how to use this indicator? I just came across this one looking for a Divergence Indicator myself and and it looks pretty neat but the settings are confusing as hell and no documentation anywhere?
The indicator seems to be using the MACD as an indicator for divergence. Maybe you can try putting a MACD indicator and see whether it correspond to what is shown on the chart.
Suggest using the divergence option of the PriceActionSwingPro indicator instead, as a better indicator. It has options to use MACD, RSI, Stoch indicators (others can be added) to determine and draw divergences.
Refer to Gradient Color Bars thread where there are 1000s of posts of actual examples and charts of live trades and discussions on how divergences are traded. Here:
The concept of coloring bars is nothing new and everyone does it for certain filters. However, the idea for using gradient color bars to spot price divergence may not be new, but has gone un-noticed by many.
