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Diver GDP

250 USD

Demo downloaded: 46

Published: 17 November 2015

Current version: 5.56

Diver GDP

Indicators
Oleksandr Medviediev
Version: 5.56
Updated: 16 December 2021
Activations: 20

Divergence Formation GDP (Gaussian or Normal Distribution of Probability) hereinafter "Diver" - is used for Fisher transform function to be applied to financial data, as result market turning points are sharply peaked and easily identified.

Classic (regular) and Reversal (hidden) Divergences - at your choice.

Adjustable sizes and all parameters
Flexible settings including VOID levels (alert function in place, arrows to show in which direction to trade)
No re-paint / No re-draw (must set CalcOnOpenBar=false)
"SetIndexBuffer" available for all variables (can be used in EA)
Auto-detect 4- and 5-digit price function
Light (does not over-load MT4)

In order for Regular Classic GDP Divergence to exist, Price must form one of the following:

BEARISH Diver: Higher high than the previous high (but the oscillator is lower high)
BULLISH Diver: Lower low than the previous low (but the oscillator is higher low)

As a rule, the occurrence of divergence means the completion of the movement (the weakening strength of the trend) and the possibility of strong correction or complete turn of the market. The higher the chart timeframe, the stronger the signal.

Second type of GDP Divergence is Reversal ("hidden"). It indicated continuation of the trend and can be detected when Price forms one of the following:

BEARISH Diver: Lower high than the previous high (but the oscillator is higher high)
BULLISH Diver: Higher low than the previous low (but the oscillator is lower low)

It should be noted that Reversal (or Hidden) GDP divergence is relatively rare, but reliability of the signal is quite good.

Indicator Parameters:

CalcOnOpenBar - if true: to include open bar for detecting Diver
DrawStandardDiv - if true: enable regular Divers
DrawReversalDiv - if true: enable hidden Divers
GD_Length - parameter of Gaussian Distribution
BullishDiv_ResetAbove - cancels Bullish Diver if the indicator crosses this level
BearishDiv_ResetBelow - cancels Bearish Diver if the indicator crosses this level

Diver parameters:

MaxBars - number of bars to draw Divers on the chart (reduces MT4 load)
DivWidth_MinBars - minimum horizontal distance between 2 extremums
DivWidth_MaxBars - maximum horizontal distance between 2 extremums
DivHeight_MinPips - minimum vertical distance between 2 extremums
DivHeight_MaxPips - maximum vertical distance between 2 extremums

Diver extremums:

Chart_LeftTop_BarsL - number of bars to form price left extremum (left side of price fractal)
Chart_LeftTop_BarsR - number of bars to form price left extremum (right side of price fractal)
Chart_RightTop_BarsL - number of bars to form price right extremum (left side of price fractal)
Chart_RightTop_BarsR - number of bars to form price right extremum (right side of price fractal)

Ind_LeftTop_BarsL - number of bars to form indicator left extremum (left side of indicator fractal)
Ind_LeftTop_BarsR - number of bars to form indicator left extremum (right side of indicator fractal)
Ind_RightTop_BarsL - number of bars to form indicator right extremum (left side of indicator fractal)
Ind_RightTop_BarsR - number of bars to form indicator right extremum (right side of indicator fractal)

LeftTops_MaxBarsDiff - additional space (in bars) for price and indicator to form left extremum
RightTops_MaxBarsDiff - additional space (in bars) for price and indicator to form right extremum

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The indicator identifies the harmonic patterns (XABCD) according to developments of H.M.Gartley ( "Profits in the Stock Market" , 1935г). It projects D-point as a point in the perspective projection (specify ProjectionD_Mode = true in the settings). Does not redraw. When a bar of the working timeframe closes, if the identified pattern point has not moved during Patterns_Fractal_Bars bars, an arrow appears on the chart (in the direction of the expected price movement). From this moment on, the ar

220 USD

270 USD

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