Hi, Don,

No problem, i use this indicator to spot correlation between the markets i trade and USD Index, normally if USD is above/below 0.2/-0.2 you can say that a correlation is working, i mean if USD goes higher the Crude, Russell, etc will go lower and IF USD is lower the rest should be higher, also helps you to "see" the overall direction of any market, so you can go with the trend and decide for higher % entries.

you can find the data here Futures Performance and is free, you should refresh the page to see updated info.



Greetings.

Hi Panama,

Thanks for your encouraging words!!, i use an indicator called "dValueArea" which you can find here

Download: Market Profile (dValueArea) Since i couldn't find this indicator i will post it here. Based on Market Profile, easy to spot Value areas, it works better on 30 min charts, to draw the lines to other charts, use global draw. personJDNeeman

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Be Safe!!

@JDNeeman,

Hi JD, nice work on the divergence indicator. You probably want to use a different indicator than dvaluearea as it is quite inaccurate. I'm not entirely sure but I think it uses minute data. It is way off particularly on trend days when the profile is elongated.

I've attached an indicator built by Davidfa using tick data which takes data from Gommp which I know to be accurate. You can extract the VAL, VAH and POC Values.

Cheers
DJ

I use a custom chart type called the HybridRenko. Is there a way for me to use this chart type with the divergence indicator. It does not appear as a selectable option in the Price Type parameter option.

Hi JDNeeman, can you point me to the indicator at the bottom of your charts "Volume Oscillator divergence with price"