Divergence & Convergence

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peace69
270
peace69  

Hi all,

I was wondering is there a indicator that would plot divergence & convergence in MT4. If so could one guide me to the right place.

Thanks

Peace

sfxtrader
68
sfxtrader  

There's nothing better than the human eye and trendline breaks to confirm divergence. Fantastic anti-momentum trading method.

deepdrunk
416
deepdrunk  

here you go

first one i dont like but second one is not bad

Files:
peace69
270
peace69  
deepdrunk:
first one i dont like but second one is not bad

Thank you,

I will test them this weekend.

Peace Out

drg00dvibe
590
drg00dvibe  
deepdrunk:
first one i dont like but second one is not bad

i've been feddling with these, can someone fix them so that they show up in a separate window?

mrtrader
409
mrtrader  
drgoodvibe:
i've been feddling with these, can someone fix them so that they show up in a separate window?

Here you go...

Now in seperate windows !

Hope this helps,

mr.trader

Files:
drg00dvibe
590
drg00dvibe  

Let's work on a little indicator together based on this actually.

Included is, TSI and OSMA.

Let's make it so that the bar on close changes colour when it diverges with price.

Meaning that if Price increases or stays the same and TSI or OSMA decreases -- the bar changes colour.. Anyone will to take a shot?

Here is an excellent article related to hidden divergence

http://www.trading-naked.com/library/Hidden_Divergence.pdf

Files:
osma.mq4 3 kb
drg00dvibe
590
drg00dvibe  
mr.trader:
Here you go...

Now in seperate windows !

Hope this helps,

mr.trader

Thanks, I did the same actually as you did by just choosing to have it open in a separate window, but it somehow doesn't look like a proper histogram.

I thought about rather instead combining these divergence ideas with one of the more famous oscillator indicators like TSI or OSMA so that we can find hidden divergence when one of those indicators changes colours instead. What do you think?

drg00dvibe
590
drg00dvibe  
drgoodvibe:
Let's work on a little indicator together based on this actually.

Included is, TSI and OSMA.

Let's make it so that the bar on close changes colour when it diverges with price.

Meaning that if Price increases or stays the same and TSI or OSMA decreases -- the bar changes colour.. Anyone will to take a shot?

Here is an excellent article related to hidden divergence

http://www.trading-naked.com/library/Hidden_Divergence.pdf

anyone willing to take a shot at creating this indicator?

I look to the coder gods!! Kalenzo? Igorad?

peace69
270
peace69  
mr.trader:
Here you go...

Now in seperate windows !

Hope this helps,

mr.trader

Thank you for your posts. What are the settings for these indicators, Divergence is just showing red lines.

Peace out

IbnFernas
349
IbnFernas  

Divergence

Hi peace

Don't use the auto divergence drawing, always draw it manually

i personally trade divergence, using my own template

stoch + osma + momentum

check the chart and download the temp.

Regards

Files:
0.gif 29 kb
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