Divergence Indicators - page 33

[Sergey Golubev]

RSI slope divergence - multi time frame version - indicator for MetaTrader 5

The original was posted here : RSI Slope Divergence. This version is extended in a couple of things :

• possible channels background color is added. to avoid drawing channel back color, simply set the color to none (see second example)
  
• multi time frame support added. apart from the standard time frames supported by the metatrader 5, you have 3 "special" time frames :
• next higher time frame (first time frame higher than the current  chart time frame)
• second higher time frame (second time frame higher than the current  chart time frame)
• third higher time frame (third time frame higher than the current  chart time frame)

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2017.10.25 22:13

Good article was published - 

Auto search for divergences and convergences 

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Contents

• Introduction
• Divergence and convergence (concept definition)
• Methods for determining the price and indicator movement direction
• Defining tops/bottoms using bars
• Defining tops/bottoms by a threshold value
• Maximum/minimum value above/below the indicator center line
• Divergence classification systems
• Complete systematization of the price and indicator movement
• Triple divergence
• Universal indicator for defining divergence
• Selecting an oscillator
• Creating a new indicator
• Applying a universal oscillator
• Defining the oscillator extreme values
• Extreme values definition classes
• Defining extreme values by bars
• Defining extreme values by a threshold value
• Defining extreme values by their position relative to the oscillator's midpoint
• Method of setting the divergence type
• Classes for checking divergence conditions
• Preparing for checking the divergence conditions
• Defining divergence
• Indicator completion
• Conclusion
• Attachments

All attached files:

• Include/InDiver/CUniDiverConditions.mqh — file with the classes for checking divergence conditions;
• Include/InDiver/CUniDiverExtremums.mqh — file with the classes for defining extreme values; 
• Include/InDiver/UniDiverDefines.mqh — description of structures and enumerations;
• Include/InDiver/UniDiverGObjects.mqh — functions for working with graphical objects;
• Indicators/iDivergence.mq5 — indicator;
  
• Indicators/iUniOsc.mq5 — universal oscillator;
• Include/UniOsc/CUniOsc.mqh — file with the universal oscillator classes;
• Include/UniOsc/UniOscDefines.mqh — description of structures and enumerations for the universal oscillator.

[Sergey Golubev]

I want to remind about this indicator from CodeBase (because it was coded long time ago, and it works up to now) -

MACD Divergence - indicator for MetaTrader 5

This indicator will plot divergence lines on the MACD indicator and will give buy and sell signal by displaying green and red arrows.

[Mene]

What do you guys think is an acceptable distance in bars between HIGHS or LOWS to find a divergence?

I am trading solely on the 5M chart, ES.

Some divergence indicators i am testing come with a default 300 bars distance. That means a divergence that took 24hours could be displayed on the screen. 
For a day trader ( on ES ) that is just useless ( i think ).

Maybe 20 - 40 values?

What do you think?