Double bottom and Double top with DIV

February 15th, 2010, 05:20 PM

guys ,

i need some help creating new indicator based on 2b/2t with divergence

i am not a programmer but i will like to know if this is possible

in the picture you can see that the market created double bottom and MACD showed divergence

thanks for your help

Ben,

February 15th, 2010, 06:06 PM

Interesting idea.

Here are a couple links to other indicators that implement some of the functions this indicator would need:

D3Spotter for Divergence : Links and Downloads Manager - [AUTOLINK]NinjaTrader[/AUTOLINK] Support Forum

Price Action Swing indicator (shows DTs and DBs)

Download: PriceActionSwing NT7

The PriceActionSwing indicator for NinjaTrader 7.0 calculates swings in different ways and visualize them. It shows swing information like the swing length, duration, volume,... It contains a lot of features. It is also useable on the Market Analyzer. The …

dorschden

February 15th, 2010, 06:18 PM

Thanks Goldstandart

i know about these indicators and with my poor programming skills i cant take the code and make it to create one indicator that shows div on 2T/2B

maybe someone in this forum (and i know there are a lot of great programmers here ) can make it happen .

when i trade i noticed this every time and i will like to take advantage of this (currently working on my lower time frame for max profit)

thanks

Ben

February 15th, 2010, 07:20 PM

For People who are willing working on this project with me

here is progress so far

i edit ninja price action swing indicator to show only 2T and 2B
here is a template i use for my testing

ben

February 15th, 2010, 07:39 PM

great idea, mr. benbrooke, the divergence spotter I use does show divergence with couble bottoms and double tops. (I guess it doesn't fit the definition of divergence) I can see where this would be very useful.

February 15th, 2010, 07:39 PM

the dspotterv2 already has what you want

February 15th, 2010, 07:49 PM

Cory ,

Thanks for the replay ,

the question is how we create an indicator that show Div only on 2B 2T , when i use d3Spotter i get too much lines

the idea for this indicator is to create an auto System that spot this trades only and profit target for 6T

from what i see this can be huge
ben

February 15th, 2010, 08:35 PM

added the 3Dspotter to the code
now i dont know how to call it in the code

February 15th, 2010, 08:49 PM

benbrooke

Cory ,

Thanks for the replay ,

the question is how we create an indicator that show Div only on 2B 2T , when i use d3Spotter i get too much lines

the idea for this indicator is to create an auto System that spot this trades only and profit target for 6T

from what i see this can be huge
ben

I see, so what you want to do is slowly restricting dspotter to only show what you want

add this line to restrict it to d/top

Code

    if (High[BarsAgo] == High[A])   // draw on price panel if double top only
								DrawLine("high"+CurrentBar.ToString() + BarsAgo.ToString(), BarsAgo, High[BarsAgo] + (TickSize*MDF), A, High[A] + (TickSize*MDF), DLC, DSD, DLW);								
								DrawTriangleDown(CurrentBar.ToString(), true, 0, High[0] + (TickSize*MDF), Color.Red);

-d/bottom only

Code

         if (Low[BarsAgo] == Low[A])   // draw on price panel if double bottom only
	                            DrawLine("low"+CurrentBar.ToString() + BarsAgo.ToString(), BarsAgo, Low[BarsAgo] - (TickSize*MDF), A, Low[A] - (TickSize*MDF), DLC, DSD, DLW);

Double bottom and Double top with DIV

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Double bottom and Double top with DIV