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Showing results for tags 'divergence'.
Found 7 results
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// RSI Divergence TrendLine // Author: MARKPLEX Code Divergence // http://markplex.com/tutorial4.php // version: 1.0 // Author: aaa // version: 2.0 // Date: 20100501 // added: // divergence on top + // Line.Color.Top + Line.Color.Bot + Line.Size + Plot.RSI in inputs // Author: aaa // version: 2.01 // Date: 20100515 // added: // Alert + Line.Offset in inputs *********************** MACD Divergence TrendLine Here http://www.traderslaboratory.com/forums/f46/macd-divergence-trendline-7845.html MACD Divergence TrendLine Indicator (Only 4 Multicharts) Here http://www.traderslaboratory.com/forums/f46/macd-divergence-trendline-7845.html#post95841 ********************* Sto Divergence TrendLine Here http://www.traderslaboratory.com/forums/f46/stochastic-divergence-trendline-7244.html ********************** Nota Bene RSI Divergence TrendLine Indicator.pla works ONLY with Multicharts RSI DIVERGENCE TRENDLINE.ELD RSI Divergence TrendLine.pla RSI Divergence TrendLine.txt RSI Divergence TrendLine Indicator.pla
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With that descending trend line holding on Fri. we see some Positive Divergence occurring on the Oscillators and RSI. Watch for price action reversal and a break of the resistance for an interim move upwards. http://bit.ly/Pzj46r
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DeMark Oscillator DeMark_Oscillator_(MultiCharts).pla DeMark_Oscillator.txt
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Hi, This follows from the RS- Internal thread. I have been able to code the classic divergences to a satisfactory level without a future looking formula. The peculiarity of this method is that it detects a divergence before the second consecutive peak/trough actually occurs on chart (anticipatory discovery). This eliminates the huge lag in decision making caused by waiting to confirm the second peak/trough. See this chart: Most codes that I've seen around either use a future looking formula like zig-zag and/or wait for the confirmation of second peak/trough. By the time the second consecutive pivot is confirmed, market has already moved away by few bars. In V-shaped pivots, the move is already over if one goes by the traditional way of comparing two peaks on prices vs. an oscillator. More charts: BTW, the 'advanced' word in title is more of a cliche; the strategy is actually basic (conceptual); i.e. mark opportunity when a stock seems to move lower while it's internal relative strength actually increases. I will be calling some signals live in this thread, so it will also serve the purpose of a journal, to improve the strategy.
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// Author: aaa // from: MARKPLEX Code Divergence // http://markplex.com/tutorial4.php // version: 1.0 // Date: 20100501 // added: // divergence on top + // Line.Color.Top + Line.Color.Bot + Line.Size + Plot.MACD in inputs [/url] PS : Stochastic Divergence TrendLine here http://www.traderslaboratory.com/forums/f46/stochastic-divergence-trendline-7244.html MACD DIVERGENCE TRENDLINE.ELD MACD Divergence TrendLines.pla MACD Divergence TrendLine.txt
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Hi! I have found a very nice and supporting indicator for MetaTrader. If anyone can convert the indi to work in Global Zen Trader platform (the platform allows import of easylanguage and C# code). The indi detects traditional divergence of price and RSI indicator and plots an arrow in the indicator window and also sets a sound alert. The indicator also detects hidden divergences. Please have a look at the indicator and see how it works. Personally I use it to time position in the trend direction after a pullback. Sincerely Adam RSI_Divergence_v2.mq4
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Price action always rules, but this gives a good glimpse into the health of the markets IMO. So we already know nothing but price action is always 100% correct, otherwise we'd all be rich. But if you look at UVOL/DVOL expansion or contraction in relation to each other you can often get clues on which is the right side of a trade. Background weakness/divergence combined with a crossover can be a VERY powerful tool, as can just a simple crossover though often to a lesser extent. Notice Thursday, wicked divergence, basically hidden selling. So you have UVOL smashing DVOL all day but most the day was consolidation. And it ended with a surge of UVOL but very light price action. I'd like to have more a discussion on this and have it centralized, so though I've posted these charts before on other threads, at Walt's suggestion I'm making it a dedicated thread and have brought in my prior charts.
