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Soultrader

Delta Divergence

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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

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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

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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:

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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...

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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

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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!:)

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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

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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

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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.

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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

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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

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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.

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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

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