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.

aaa

RSI Divergence TrendLine

Recommended Posts

// 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

 

**********************

 

attachment.php?attachmentid=21012&stc=1&d=1273914061

 

 

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

Snap6.jpg.5f50c8dcbf41b0935c35fd0b2703b6c1.jpg

Share this post


Link to post
Share on other sites

aaa- is there a way to add to this indicator so when it enters overbought/sold levels that the respective colour changes.

 

I tried using the simple RSI code as a guide, but it doesn't appear to take

 

if var0 > OverBought then 
SetPlotColor( 1, OverBColor ) 
else if var0 < OverSold then 
SetPlotColor( 1, OverSColor ) ;

Share this post


Link to post
Share on other sites

Yes

 

almost everything is possible in EasyLangage

 

Try again or

 

wait untill next WE

 

I will add this feature 2 a new indicator

 

rgds

 

PS : Please, try 2 add a graphique with explanation on it when U ask something here ;

 

It should B usefull also 2 give as much information as possible (mockup, links, PDF, etc...)

 

And of course, if U find a solution it's kind 2 post it.

 

It could B usefull 4 others

 

******************

Edited by aaa

Share this post


Link to post
Share on other sites

I have also sent a post in coder thread, maybe this is the place....

 

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

Share this post


Link to post
Share on other sites

 
The indicator also detects hidden divergences

 

Hi Adam

 

Try this hidden divergences indic below

 

U can mix regular div + hidden div on a price chart

 

The code is easily tweakable

 

Only 4 Multicharts users

I've posted also an indicator which plot div lines directly on the sub chart

 

rgds

 

attachment.php?attachmentid=23596&stc=1&d=1295693624

StochRSI Hidden Divergence TrendLine.txt

Snap2.jpg.7df896eb884497ed56346f2a712b179c.jpg

Edited by aaa

Share this post


Link to post
Share on other sites

Thanks AAA!

 

But I´m not the man to work it out in my platform. Anyway, I have add some piece of code together and give it to U as thanks for help.

This code displays inside bars and the inside bar have to be in a less range than Xbars before(adjustable). U can put a by order 1 tick above the bar or a sell order 1 tick below. It works in any time frame.

 

Thanks

Adam

GollumNarrowIB.txt

Share this post


Link to post
Share on other sites

Gollumtrader

 

condition1=(High-Low)<Lowest((High-Low),Length)[1];

 

Good idea ! I've added it on my birds lines indicator & it looks good

 

attachment.php?attachmentid=23619&stc=1&d=1296299681

 

************************************

 

Have a look on the Excellent Tams' Candle Pattern indicator below

 

Best rgds

 

http://www.traderslaboratory.com/forums/f46/candle-pattern-5736.html

 

 
PatternName = "3InsideUpPattern";
if ((O2>C2)AND (C1>O1) AND (C1<= O2) AND (C2<= O1) AND ((C1-O1)<(O2-C2)) 
AND (C>O) AND(C>C1) AND (O>O1)) then 
begin
Message = Message + PatternName + " "; 
plot70(c, "3InsideUpPattern");
end
else
noplot(70);


PatternName = "3InsideDownPattern";
if ((C2>O2)AND (O1>C1) AND (O1<= C2) AND (O2<= C1) AND ((O1-C1)<(C2-O2)) 
AND (O>C) AND(C<C1) AND (O<O1)) then 
begin
Message = Message + PatternName + " "; 
plot67(c, "3InsideDownPattern");
end
else
noplot(67);

Snap4.jpg.03f38b566ec0728e83d2a7325143d0b9.jpg

Edited by aaa

Share this post


Link to post
Share on other sites

Well I have to say after weeks of searching this may well be what I am looking for. However, can this indicator be used on the prorealtime charting software and if so could it also be adapted to a screener for finding pairs meeting the criteria. I also would like to know if the RSI can be set against Zigzag as opposed to price. Terribly sorry to appear so dim but I have tried albeit without success to write my own software and to be perfectly am failing miserably.

 

Many thanks, s2m

Share this post


Link to post
Share on other sites

 

.... Terribly sorry to appear so dim but I have tried albeit without success to write my own software and to be perfectly am failing miserably.

 

Many thanks, s2m

 

then do at least one thing that is not dim -- get TradeStation or MultiCharts.

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: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. 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.   Michalis Efthymiou 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 Leveraged 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.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
    • UTZ Utz Brands stock, watch for a bottom breakout at https://stockconsultant.com/?UTZ
    • FL Foot Locker stock, nice breakdown follow through at https://stockconsultant.com/?FL
×
×
  • Create New...

Important Information

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