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Divergence Range

Divergence Range

Divergence Range is a very simple and yet effective indicator that calculate the price divergence range from a standard moving average indicator.

The indicator has two groups of line, three lines, upper1, upper2, upper3 above a standard moving average and three lines below, lower1, lower2, lower3, which shows the divergence range for the price movement from the standard moving average. The two out most line virtually covers more than 95% of the price movement from the standard moving average.

Parameters

Period = 48 (default)

Shift = 0 (default)

Method = Exponential (default)

Show Statistics = true (default)

Statistic Unit = 2500 (default)

 

Period/shift/Method:  This is the standard period parameter for a moving average, you can select any type of moving average. The general guideline is that you shall relative longer period, to obtain a more stable and smooth divergence range.

Show Statistics/Statis unit: This are the parameter to show the statistic of the effectiveness of divergence range. It turns on, the indicator will show a percentage of the price high exceed the respective upper line and the percentage of low falls below the respective lower line.

 

Main features

1.       Usually there are less than 20% of unit exceed the range covered between upper1 and lower1 line.

2.       Usually there are less than 5% of unit exceed the range covered between upper2 and lower2 line.

3.       Virtually there are less than 2% of unit exceed the range covered between upper3 and lower 3 line. These give you a confidence when price are at extreme situation, therefore the rally make happen soon.

Recommended trading strategy

·         Apply the indicator to D1 or H4 chart for any product. And comebine it with other moving average trading strategy.

Please give your valuable feed back for me to improve the indicator.


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ACTUELLEMENT 31% DE RÉDUCTION ! ! La meilleure solution pour tout débutant ou Expert Trader ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons incorporé un certain nombre de caractéristiques exclusives et une formule secrète. Avec seulement UN graphique, il donne des alertes pour les 28 paires de devises. Imaginez comment votre trading s'améliorera parce que vous serez capable de repérer le point de déclenchement exact d'une nouvelle tendance ou d'
PTS - Divergence Buy Finder par Precision Trading Systems Le Precision Divergence Finder a été conçu pour trouver les points bas du marché avec une précision extrême, et il le fait fréquemment. En analyse technique, l'art de choisir les creux est généralement beaucoup plus facile que de choisir les sommets, et cet outil est précisément conçu pour cette tâche. Après avoir identifié une divergence haussière, il est sage d'attendre que la tendance s'inverse avant d'acheter. Vous pouvez utilise
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Trend Code
Ning Liu
4 (1)
Trend Code (v2.0) Trend Code is a very simple and yet effective trend indicator to capture trend movement, detect the trend reversal, calculate entry price as well as proper stop loss. Trend Code indicator is made up of a series of block, while bull trend block in bull colour and bear block in bear trend colour. For bull trend block, the TrendOpen is the lower edge, TrendClose is the upper edge, for bear trend block, the other way round. Parameters: TrendOpenAdjustment   = 0.8, (range 0~1.0) Tr
Real Time Currency Strength We present a simple and effective indicator of currency strength, which give you the overview of the market situation. The indicator displays strength of eight major currencies and can be viewed in a single indicator window. Main features This is a real-time currency strength based on a pool of eight most liquidate major currencies. That means, for every moment of time, the strength of the currency is related to the pool of eight currency as whole at that moment. Ther
Hidden Breakout Power   The market has a cycle, keeps on moving from: RANGE -> BREAKOUT -> TREND ->CONSOLIDATION ->RANGE RANGE and TREND The two major states, while the BREAKOUT refer to the short period of market breaking the range, CONSOLIDATION refer to the long consolidation of market and shrink to range. Usually oscillatory indicator performs well in RANGE states and perform poorly in trend state, while TREND indicator is the other way around, it performs will in a TREND states and but poor
Realtime Stop Hunting Background What Is Stop Hunting? I refer to the definition of Stop Hunting from Investopedia, Stop hunting is a strategy that attempts to force some market participants out of their positions by driving the price of an asset to a level where many individuals have chosen to set stop-loss orders. The triggering of many stop losses at once typically creates high volatility and can present a unique opportunity for investors who seek to trade in this environment. Setting up the
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Version 2.0 2021.01.05
Version 2.0
Adding two commonly used EMA period of 12 and 24
Version 1.1 2020.11.30
Amend small bug to show statistic.