I'm new here. I'm not a programmer, but interested in making EA based on information in this good thread. Maybe someone can direct me to a similiar EA (that needs minor code modification?)
What I have in mind :
-Entry type based on RSI_X2 indicator (post#18). When red is above blue, the EA will open "buy" and when red is below blue it will open "sell".
-only 1 transaction allowed at 1 currency pair at any time.
-exit strategy based on moving trailing stop, comparing data with 3 previous candles+1 pip, like in video ( Div-3-Rev System by Amin Sadak )
-major parameters (like trailing stop value) should be accessible from outside.
I'm new to the site and want to thank the mods for keeping such a useful resource thriving.
I was wondering if anybody knew where I could find an RMI divergence indicator. I know a lot of divergence indicators have modified from the FX5_Divergence and I was planning on posting that along with my RMI version but I don't see where I can (I think cause it's my first post?). Anyway, any help is much appreciated.
Using MACD Divergence
What do U think about it?
D1 EURUSD since year 87
MACD divergence indicator mismatch
the divergence indicator named FX5_Divergence_v1.5 does not match with the standard MACD indicator even if I use the same Fast, Slow, Signal EMA periods. One is going up other is going down. Check the attached image.
Am I missing something ? Or is this indicator totally wrong?
Does anyone has a good and working MACD divergence indicator?
As I can read on indicator's menu: *** OSMA Settings *** not MACD
Try first one from top to bottom on same post
thanks Linuxer :-)
I am attaching all the divergence indicators I've found so far. If you are in search of good divergence indicators, this post may help. None of these indicators are new, they have been posted here and there.
For a good explanation of divergence one may visit Divergence Trading: Using Divergence System to Trade Forex Currency
For an explanation of OsMA divergence indicators, visit: FX5_Divergence - MQL4 Code Base
İs it possible to code Divergence indicator in multi time frame?I am not asking anyone to code it ,I am only asking if it is possible in coding?
thanx a lot
I feel Trix is a cool indicator as MACD. Therefore, beside FX5_divergence (v1.1 -v2.1) (Making a divergence on MACD) I want to have Trix-divergence and its here.
thanks a lot, man
Im pretty new to trading guys and to see so many divergence indicators all at once is quite confusing...Any idea which one would be great for me to get started on ??
Any info would be great. btw im using just the standard Momentum indicator not the MACD..
For example you can use this system:
Currency: EUR/USD (preferred) or any other.
Time frame: 30 min.
Indicators: MACD (5, 26, 1) – draw 0 line,
Full Stochastic (14, 3, 3)
watch for divergence between the price on the chart and MACD or between price on the chart and Stochastic.
Once divergence spotted, wait for EMA 3 and SMA 13 to cross and enter the trade in the direction of EMA 3.
Set stop loss at 26 pips.
Take half of the profit at 20 pips; let the rest to run further with trailing stop in place.
Divergence on Stochastic can be found the same way as on MACD. The reason for using both MACD and Stochastic is that one of the indicators can show divergence while the other will not at given period of time.