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  #1 (permalink)  
Old 10-06-2006, 10:48 PM
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Question Divergence & Convergence

Hi all,

I was wondering is there a indicator that would plot divergence & convergence in MT4. If so could one guide me to the right place.

Thanks

Peace
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Old 10-06-2006, 11:05 PM
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There's nothing better than the human eye and trendline breaks to confirm divergence. Fantastic anti-momentum trading method.
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Old 10-07-2006, 12:25 AM
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here you go

first one i dont like but second one is not bad
Attached Files
File Type: mq4 Divergence.mq4 (4.8 KB, 199 views)
File Type: mq4 Wiseman 1.mq4 (1.9 KB, 328 views)
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Old 10-07-2006, 03:29 AM
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Quote:
Originally Posted by deepdrunk
first one i dont like but second one is not bad
Thank you,
I will test them this weekend.

Peace Out
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Old 10-07-2006, 07:36 PM
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Quote:
Originally Posted by deepdrunk
first one i dont like but second one is not bad
i've been feddling with these, can someone fix them so that they show up in a separate window?
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Old 10-07-2006, 07:56 PM
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Quote:
Originally Posted by drgoodvibe
i've been feddling with these, can someone fix them so that they show up in a separate window?
Here you go...

Now in seperate windows !

Hope this helps,

mr.trader
Attached Files
File Type: mq4 Wiseman 1.mq4 (1.9 KB, 199 views)
File Type: mq4 Divergence.mq4 (4.8 KB, 168 views)
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Old 10-07-2006, 08:00 PM
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Let's work on a little indicator together based on this actually.


Included is, TSI and OSMA.

Let's make it so that the bar on close changes colour when it diverges with price.

Meaning that if Price increases or stays the same and TSI or OSMA decreases -- the bar changes colour.. Anyone will to take a shot?


Here is an excellent article related to hidden divergence

http://www.trading-naked.com/library...Divergence.pdf
Attached Files
File Type: mq4 OsMA.mq4 (2.5 KB, 153 views)
File Type: mq4 TSI_Histo.mq4 (3.0 KB, 188 views)
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Old 10-07-2006, 08:05 PM
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Quote:
Originally Posted by mr.trader
Here you go...

Now in seperate windows !

Hope this helps,

mr.trader

Thanks, I did the same actually as you did by just choosing to have it open in a separate window, but it somehow doesn't look like a proper histogram.

I thought about rather instead combining these divergence ideas with one of the more famous oscillator indicators like TSI or OSMA so that we can find hidden divergence when one of those indicators changes colours instead. What do you think?
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Old 10-08-2006, 04:23 PM
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Quote:
Originally Posted by drgoodvibe
Let's work on a little indicator together based on this actually.


Included is, TSI and OSMA.

Let's make it so that the bar on close changes colour when it diverges with price.

Meaning that if Price increases or stays the same and TSI or OSMA decreases -- the bar changes colour.. Anyone will to take a shot?


Here is an excellent article related to hidden divergence

http://www.trading-naked.com/library...Divergence.pdf


anyone willing to take a shot at creating this indicator?

I look to the coder gods!! Kalenzo? Igorad?
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Old 10-08-2006, 05:07 PM
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Quote:
Originally Posted by mr.trader
Here you go...

Now in seperate windows !

Hope this helps,

mr.trader
Thank you for your posts. What are the settings for these indicators, Divergence is just showing red lines.

Peace out
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