Reverse Divergence

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Hi,

does anyone have an indicator that would calculate reversedivergence from the CCI?

I have only the indicators that show regular divergence.

Daniel

Files:
divergencesamples2.gif  14 kb
 

Reverse Divergence

Hi Daniel,

Here is a picture and indicator that shows reverse divergence. The FX5 indicator plots both regular div. and reverse div. As you are reading the indicator from left to right, the lines drawn on the indicator that start high and come down (move inward) to the "0" line are regular divergence. The lines that start low and move away from the "0" line (outward) are reverse divergence.

This indicator uses OsMA to determine divergence. I suppose it could be changed to use CCI.

It seems best on the 4hr or d1 chart. I confirm with RSI before the trade. I only trade revese divergence.

This is a great indicator that could be even better. I have some thoughts for it if anyone is interested.

Good luck, Stephen

 

new divergance

Hi everyone.

this indicator is great.fx5 uses "osma" indicator to find divergance and you can modify the indicator with other indicators for finding divergance.for example I used "RSI_X2" indicator for finding divergance.I attached "RSI_X2" and the related indicator that I have modified.

Files:
rsi_x2.mq4  3 kb
rsi_div.mq4  13 kb
 

Divergence mods?

Hi pghiaci,

Thanks for forwarding these indicators. They are great. I wonder if I could request some mods for it?

RSI_Divergence does ok now, But I have a few suggestions to consider for this indicator:

I wonder if you could have it plot divergence only between fractul points?

Also, there are some places where a reverse divergence and a regular divergence come together at the same point. I have attached a chart showing this example. These double points of divergence are paticularly good for trades. (Illistrated by the fat white line)

Would it also be possible to plot regular divergence and reverse divergence with different lines?

There are also many places where divergences get missed. Perhaps you know why this is. (Illistrated by the two skinny white lines)

One last thought would be to have it work on weighted close. I understand that this is more accurate.

As mentioned before, your mod is great. Thanks for sharing. I do not mean to be demanding with these suggestions. I just think there are still some changes to consider. If you, or anybody out there is interested, I belive that it would be a great indicator.

Thanks, Stephen

Files:
divergence_chart.gif  21 kb
 

Visiual change

pghiaci:
Hi everyone. this indicator is great.fx5 uses "osma" indicator to find divergance and you can modify the indicator with other indicators for finding divergance.for example I used "RSI_X2" indicator for finding divergance.I attached "RSI_X2" and the related indicator that I have modified.

Dear pghiaci,

The RSIvar is nice. if possible, can you modify its visual. I don't like the draw line. I tried to code it but impossible because I am not real coder. Please make it red bar if RSIvar below 50 and blue bar if RSIvar above 50 in separate window.

 

I am using it

Stephen,

It seems is the best indicator I had ever used.

Plis tell me what is your best aplication of it?, I don't know if is correct what I am doing, I use [M30], and SHI_CHANNEL_TRUE to see the trend, and always go inside in the trend direction when your indicator change the colour, is it correct?, or I have wait the arrow?

My email is robssini@yahoo.com.ar plis, sent me more information, I beleive in trade looking the divergence.

Best regards,

Ricardo

Stephen:
Hi Daniel,

Here is a picture and indicator that shows reverse divergence. The FX5 indicator plots both regular div. and reverse div. As you are reading the indicator from left to right, the lines drawn on the indicator that start high and come down (move inward) to the "0" line are regular divergence. The lines that start low and move away from the "0" line (outward) are reverse divergence.

This indicator uses OsMA to determine divergence. I suppose it could be changed to use CCI.

It seems best on the 4hr or d1 chart. I confirm with RSI before the trade. I only trade revese divergence.

This is a great indicator that could be even better. I have some thoughts for it if anyone is interested.

Good luck, Stephen
 

perfect

pghiaci:
Hi everyone. this indicator is great.fx5 uses "osma" indicator to find divergance and you can modify the indicator with other indicators for finding divergance.for example I used "RSI_X2" indicator for finding divergance.I attached "RSI_X2" and the related indicator that I have modified.

Congratulations,

I am using it, it seems it's very good, congratulations again, tell me what form you use it???

Tks

Ricardo

 
Stephen:
Hi pghiaci,

Thanks for forwarding these indicators. They are great. I wonder if I could request some mods for it?

RSI_Divergence does ok now, But I have a few suggestions to consider for this indicator:

I wonder if you could have it plot divergence only between fractul points?

Also, there are some places where a reverse divergence and a regular divergence come together at the same point. I have attached a chart showing this example. These double points of divergence are paticularly good for trades. (Illistrated by the fat white line)

Would it also be possible to plot regular divergence and reverse divergence with different lines?

There are also many places where divergences get missed. Perhaps you know why this is. (Illistrated by the two skinny white lines)

One last thought would be to have it work on weighted close. I understand that this is more accurate.

As mentioned before, your mod is great. Thanks for sharing. I do not mean to be demanding with these suggestions. I just think there are still some changes to consider. If you, or anybody out there is interested, I belive that it would be a great indicator.

Thanks, Stephen

Hi Stephen

about "regular divergence and reverse divergence with different lines" I will work on it for you but it seems to be defficalt but I think that will be ok.

and about missing some divergances I must say that this indicator uses RSI_X2 with period=7 for finding divergace and it is different from regular RSI.

if you want I can modify it for you with regular RSI.

and obout "weighted close" mode I have attached the indicator that works with "weighted close".

I think it would be use full if I attach the indicator that works with regular RSI.

good luck every one.

 

Best new thread

These indicators are really cool !!! Have been looking for it for a while.

Many Thanks, guys.

 

what is the best indicator for detecting divergance???

 
pghiaci:
what is the best indicator for detecting divergance???

i use stochastic indicators and andrews pitchfork for confirmation

you can use what indicator you want but i like old one not custom indicators

Have a great day

Files:
div.gif  21 kb
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