this was the answer from the coder
The RSX Divergence indicator is inconsistent.
- It looks like it “detects” tops below the zero line: http://s2.postimg.org/fde4cx1x5/screenshot_1309.png
- It uses a pre-previous tops to detect a divergence http://s2.postimg.org/w2fk8tyih/screenshot_1310.png . If it was the last two tops – no divergence.
- It redraws signals shown in the previous bar. You can see it buy playing indicator on a slow speed in the MT backtester. It is “acceptable” to change a signal in the current bar. We fix such issues by using signals from the previous bar, but this is a different case. Can we be sure that this indicator will not redraw an even older signal?
There is no divergence indicator in the world that does not show divergence in the past
It has been told a lot of times : in order to find divergence extremes must be established. And extremes can not be established on current bars. Never could and never will.
As of the remarks of that coder : he should give a better solution for comparing extremes when extremes in code are to be determined per bar and when human can determine divergence at a glance. I really would like to see some coder code the "at a glance"
PS: it has been also told numerous times that divergences can not be used as signals. That means that EAs that could use divergence can not use it in a signaling mode
PPS: I hope this clarifies and helps your EA plans
If someone wants to create this; An ADX indicator modeled after BBSqueeze. The red and green bulbs in the middle of the histogram would change based upon adx being above 20, if dmi is bearish histogram is red, bullish, histogram is green.
if EWO/Advanced get oscillator can be made dynamic zone with all new averages as base price line,i don't know if there is any possibility,just an arrow thrown in air,
It works how divergences should work, just the normal way from what I see on the pics. You need experience to read wether divergence is good or maybe just a short push back (but it is valid) and some patience (and more indications) to enter or close. But never make an EA of divergences, even the best divergence-indicator you can find. It is definitely no signal, just a hint that something could happen.
my request about real value indicator,in original source code by "Grzegorz Szczerba" he uses high low of price,i want know if close price can be adapted along with high low because every next candle start from close of the previous,so the close value proceeds towards more real value along with high low,i don't have your code so don't know in which way you upgraded your version but your version is more responsive than original,thanks.
Due to the way it is calculated, the prices need to be high and low
Talaat E, made this version with everything else, and an option to use double smooth or not.
Would you please add "custom timeframe to use" to this beautiful indicator
GUYs,would you like pick Wulong along with you on freezing tour to himalaya,
mr.mntiwana Are You From India?
Hello Forex TSD members!
This is my first post and I want to thank all for great contribution to this forum.
I recently came across the Jake Bernstein trading strategy, which I find very interisting.
He is using Williams Acumullation Distribution indicator combined with Simple moving average (period 57). I would like to use that indicator as well. However when i put built in AD indicator on my metatrader chart it works fine, but when i put an overlay of Simple moving average, I don't get quite the same results like Jake Bernstein when comparing with his charts.
My guess is that because I would need a SMA of Acumullation Distribution and not just normal SMA over the indicator, So my request would be, if someone could modify the indicator of Acumullation DIstribution so it can show moving average of Acumullation Distribution and if it can be adjustable regarding the periods even better.
Here is the link that is explaining his strategy: http://2chimps.com/2012/6TIMINGTRIGGERS.mp4/index.html
If anyone could help me here on this topic I would be realy thankful.