Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

Delta Divergence

Recommended Posts

Credit and thanks goes out to Blu-Ray for developing this indicator. The original post can be located here.

 

" It's based on the High of Day and Low of Day, I've also coded it with the alerts to fire off when a divergence appears.

 

Note: when testing it today, Alerts were really annoying within the first 15-30 minutes of the day, as they kept firing off when the market is finding it's range. ( Maybe that was my fault because I was testing it on 5 different symbols ;) )

 

Also coded it up into a "Show Me", so it will plot a dot with the relevant color when a divergence appears. However, I've coded this one up to fire off as soon as the next bar starts. As what would happen, it would plot a dot when divergence started to appear within a bar, but by the time the bar finished and there was no divergence the dot would still be there.

 

Note: to anyone unfamilar with this indicator, it will only work on LIVE data ( not historical )"

 

Screenshot is attached.

DELTA_DIVERGENCE.ELD

DELTA_DIVERGENCE_SM.ELD

5aa70e36e1461_DeltaDivergence.thumb.png.0060f406c051cc5bdfe4ed71bc1ecb2e.png

Share this post


Link to post
Share on other sites

I am using a 1 min and a 144 tick chart. I had it on for a day and did not get any divergences on the ym charts. What am I doing wrong here. If you do it on volume how do you plot it on a tick chart.

Thanks

Share this post


Link to post
Share on other sites

Hi I"m trying to download the ELD for thr DELTA DIVERGENCE INDICATOR and everytime I click on the document I got A message that I'm trying to edit someone else post or not logged in.Can anyone tell me how can I get this indicator in any other way.?

Sorry I'm new user and just don't know.

Thanks for any help:doh:

Share this post


Link to post
Share on other sites

hi-- great looking indicator-- thanks! i am trying to use this on a tick chart and so far have not seen any dots/divergences on the chart. is it possible i don't have parameters set correctly, or does it not work on tick charts? thanks...

Share this post


Link to post
Share on other sites
have not seen any dots/divergences on the chart... does it not work on tick charts? thanks...
You were not specific with your symbol and tick setting and datafeed source, but it should work with tick charts if the symbol traded a few times at higher higher (HH) or lower lows (LL) with respect to the HOD or LOD, respectively.

 

For example the attached showed about a dozen DD (Delta Diverg.) this AM with the ESH08 189 tick, TS data feed. A trader wouldn't have been very successful buying the DD (shown blue) for the first 10 signals or so. However, the signal could be useful in combination with other trend determination.

5aa70e39ca915_ESDD2008-02-04_133553.png.542c28954ce5473b1bea95da038aa59b.png

Share this post


Link to post
Share on other sites
You were not specific with your symbol and tick setting and datafeed source, but it should work with tick charts if the symbol traded a few times at higher higher (HH) or lower lows (LL) with respect to the HOD or LOD, respectively.

 

For example the attached showed about a dozen DD (Delta Diverg.) this AM with the ESH08 189 tick, TS data feed. A trader wouldn't have been very successful buying the DD (shown blue) for the first 10 signals or so. However, the signal could be useful in combination with other trend determination.

 

Thanks I think I got it working--- I noticed you are using the front month on the ES and I have been using the Continuous so that may have been the problem... thanks for the pic!:)

Share this post


Link to post
Share on other sites

Apologies if this has already been covered but does the divergence indicator in this thread calculate a divergence in the same way as this video

 

http://blog.marketdelta.com/index.php?s=Divergence&submit=

 

I am not a TS indicator expert but if blue ray is able to say whether any of the posted indicators is capable of being edited. The video seems to look in particular at lows in a range and then applying the divergence related to that position.

 

This forum is excellent (sharing of practical information). I think it was in the forum that I only recently realised ninjatrader had such good charting and flexibility in processing data.

 

Best regards

 

Ian

Share this post


Link to post
Share on other sites
Apologies if this has already been covered but does the divergence indicator in this thread calculate a divergence in the same way as this video

 

http://blog.marketdelta.com/index.php?s=Divergence&submit=

 

I am not a TS indicator expert but if blue ray is able to say whether any of the posted indicators is capable of being edited. The video seems to look in particular at lows in a range and then applying the divergence related to that position.

 

This forum is excellent (sharing of practical information). I think it was in the forum that I only recently realised ninjatrader had such good charting and flexibility in processing data.

 

Best regards

 

Ian

 

 

Ian

 

Yes it is exactly the same and it's FREE !

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites

Great Blu-Ray and many thanks as watching that video I understood what the logic was trying to do (painting a divergence where it might matter). I understand that it has to run real time so I will watch it over the next few days to get acquainted with its action.

Share this post


Link to post
Share on other sites

Hi Blu-Ray,

I see that you developed the Delta Divergence indicator for TS. I use NinjaTrader and was wondering if I could get a textfile of the EL code, so that I can port it to NinjaTrader.

Please feel free to give me a flat "no" if this is an imposition.

 

Thanks

Share this post


Link to post
Share on other sites
Hi Blu-Ray,

I see that you developed the Delta Divergence indicator for TS. I use NinjaTrader and was wondering if I could get a textfile of the EL code, so that I can port it to NinjaTrader.

Please feel free to give me a flat "no" if this is an imposition.

 

Thanks

 

NO !! ...................... ;)...... lol... only joking, here you go :

 

inputs:

UpColor(Green),

DownColor(Red),

UpDivergence(Blue),

DownDivergence(Magenta);

 

variables:

 

MyVol(0), LL(0),HH(0),

Color(yellow),

intrabarpersist MyCurrentBar(0),

intrabarpersist VolumeAtBid(0),

intrabarpersist VolumeAtAsk(0),

intrabarpersist BAVolDiff(0),

intrabarpersist VolTmp(0);

 

if date <> date[1] then begin

LL = low;

HH = High;

end;

 

if Low < LL then LL = Low;

if High > HH then HH = high;

 

 

 

if LastBarOnChart then begin

MyVol = Iff(BarType < 2, Ticks, Volume);

if CurrentBar > MyCurrentBar then begin

VolumeAtBid = 0;

VolumeAtAsk = 0;

BAVolDiff= 0;

VolTmp = 0;

MyCurrentBar = CurrentBar;

end;

if InsideBid < InsideAsk then begin

if Close <= InsideBid then

VolumeAtBid = VolumeAtBid + MyVol - VolTmp

else if Close >= InsideAsk then

VolumeAtAsk = VolumeAtAsk + MyVol - VolTmp ;

end;

if VolumeAtBid > 0 and VolumeAtAsk > 0 then BAVolDiff= VolumeAtAsk-VolumeAtBid ;

VolTmp = MyVol ;

end ;

if BAVolDiff<= 0 then color = DownColor else color = UpColor;

 

plot1(BAVolDiff, "BAVolDiff", color);

Plot2( 0, "ZeroLine" ) ;

 

if low = LL and BAVolDiff> 0 then begin

setplotcolor(1,UpDivergence);

Alert( "New Low_Bid/Ask_Divergence");

end;

 

if high = HH and BAVolDiff< 0 then begin

setplotcolor(1,DownDivergence);

Alert ("New High_Bid/Ask_Divergence");

end;

 

 

Hope this helps

 

Blu-Ray

Share this post


Link to post
Share on other sites

Astro there are a whole bunch of Ninja 'delta' type indicators (as there are TS ones :)). I don't recall there being any that do divergence but it would probably be easier to use one of those as a starting point. I believe they are filed under 'buy sell' in the Ninja indicator section of the forum.

Share this post


Link to post
Share on other sites

Thanks you Bluray for developing this indicator. I have been using it so far on 20 min currency futures charts and like what I see.

 

I wanted to change the color of the blue show me dot to a color that I can see better on my chart. I have tried changing the color on both the Input tab, and under the color tab and I have not had any luck. Should Updivergence and Down divergence both be the same color under both tabs? I have tried this and havent had any luck. Any insight into this would be appreciated very much.

 

Bluray thaks again to the contributions you have made to this site.

 

Scott

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
    • LUMN Lumen Technologies stock watch, pull back to 7.43 support area with bullish indicators at https://stockconsultant.com/?LUMN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.