Divergence Indicator - page 29

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krelian99
1202
krelian99  
TEAMTRADER:
Can someone correct this divergence stochastics indicator please so that it shows the arrows when the fulcrums of the stochastic is in divergence with the price?

Thanks

TEAMTRADER

The indi is correct. It shows divergences as it should. Attached is the version that shows the divergence lines. Divergences are turning points (local extrema) of the oscillator compared how high then the price is (must not be a local extremum), not reversa.

stochastic_divergence.mq4

George
998
George  

Hi Krelian99,

It is a good indicator but still does not get all the signals correct.

TEAMTRADER

Files:
gbpusdm20.png 39 kb
krelian99
1202
krelian99  

It doesn't compare 3 or 4 last highs (but it could

To your question, the new low or up turning point is a bit earlier and then the price falls again shortly, then it seems not to be cofirmed. What is your pip range? But there are even more unfound divs.

krelian99
1202
krelian99  

Hmm, I have made kaputt the forum? Don't want my pic, and it ain't even age-restricted

Files:
Mladen Rakic
155794
Mladen Rakic  
krelian99:
Hmm, I have made kaputt the forum? Don't want my pic, and it ain't even age-restricted

It happens sometimes ...

No kapput :):)

George
998
George  
krelian99:
It doesn't compare 3 or 4 last highs (but it could

To your question, the new low or up turning point is a bit earlier and then the price falls again shortly, then it seems not to be cofirmed. What is your pip range? But there are even more unfound divs.

The Renkorange is 10 - your point about the turning point being a bit early is sound but if it could be made to show all divergence then this indicator can be made very useful because the false signals are easily recognised - and they have a major advantage of showing exits, not a change in direction as divergence is normally used.

Thanks

TEAMTRADER

William Snyder
9491
William Snyder  
TEAMTRADER:
The Renkorange is 10 - your point about the turning point being a bit early is sound but if it could be made to show all divergence then this indicator can be made very useful because the false signals are easily recognised - and they have a major advantage of showing exits, not a change in direction as divergence is normally used.

Thanks

TEAMTRADER

Teamtrader maybe check this one out, from what I can tell the one you posted is getting it's last peaks and troughs from both the stochastic and the signal, when it should only be getting it from only stochastic. Besides the divergence alerts this one also alerts on stoch and signal cross.

George
998
George  

Again, I appreciate the indicator and will check it live this coming week.

Thanks

TEAMTRADER

mrtools:
Teamtrader maybe check this one out, from what I can tell the one you posted is getting it's last peaks and troughs from both the stochastic and the signal, when it should only be getting it from only stochastic. Besides the divergence alerts this one also alerts on stoch and signal cross.
krelian99
1202
krelian99  

Many Thanks also from me, mrtools.

Oha, I tried also SMI and Wildhog to renko but they celebrate a heavy divergence and slope change party as if there were no tomorrow.

TEAMTRADER, have you tried MACD divergences on renko? Those looks very nice to me.

George
998
George  

Thanks - it does get more correct divergence signals than the other.

TEAMTRADER

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