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Recreate "Precision Divergence Finder Indicator"?
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Recreate "Precision Divergence Finder Indicator"?

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Recreate "Precision Divergence Finder Indicator"?

A different but seemingly effective concept for indicating divergence. Unfortunately only available in protected EL code and I'm not a programmer. Not sure how it indicates bearish signals. Perhaps the following link (details and more examples) might inspire somebody to create something similar? Go to: Precision Divergence Finder

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I honestly respect the spirit of your question and wouldn't hesitate but it's not available for NT.

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tdaman View Post
A different but seemingly effective concept for indicating divergence. Unfortunately only available in protected EL code and I'm not a programmer. Not sure how it indicates bearish signals. Perhaps the following link (details and more examples) might inspire somebody to create something similar? Go to: Precision Divergence Finder

]

anything looks good on a static chart even a lowly MA. Do you have pictures of the signal as it just begins.

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I'll email them and ask if they'de be willing to recode it for NT.

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No I haven't... just thought it was a different way to show divergence. You got me thinking though Cory.

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Click on the link below...


http://www.precisiontradingsystems.com/Precision_Divergence_Finder.htm

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I noticed some of their indicators seem to be straight out of the box very common indi's.

So, my guess is that he is doing something simple here as well.

If the indicator is that good, he would be making millions in the spot forex market.

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The divergence finder is based on the Demand Index by James Sibbet.

As far as I know, there is no version of the Demand Index for NinjaTrader, so the first step would be to code the Demand Index. Below is a link with the code and some explanations.

http://www.purebytes.com/archives/omega/2002/msg04345.html

Further information on the Demand Index can be found in.

Robert W. Colby: The Encyclopedia of Technical Market Indicators
Thomas E.Aspray: Fine-Tuning the Demand Index in TASC Vol. 4:4, pp 141-143

http://store.traders.com/-v04-c04-fin-pdf.html

Once you got the Demand Index you need to look for divergences. The divergence finder possibly scans for divergences, using different periods for the Demand Index and then adds them up.

The idea is not bad at all. Divergence stands for a weakening = loss of momentum of a prevailing trend, not yet its reversal. If the trend is weakening across various timeframes a reversal might be imminent.

However, I believe that the indicator also will produce a significant number of false signals, as is usually the case with unfiltered divergences.


Last edited by Fat Tails; January 22nd, 2011 at 09:24 AM.
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