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1. Threndline break. That's not currently part of my rules, but, I'll consider it for the future. 2. Minimum Bars Between Highs or Lows. This is currently set via a user input named Bars4CorrelationScan. I have it set by default to 36 which I've found works well with GBPUSD at M15. 3. Higher Time Fram filter. Yes. Have considered this. For now, everything is operating off of the chart's time frame. Cheers Bill |
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Many thanks to Newdigital and other guys for the info.
Trading divergence can be very profitable I thried several 'divergence' indicators on here but none seems do the job well, although it shouldn't be difficult. See chart attached All is needed for an indicator, say RSI or CCI, to change color when it has divergence with price. May be somebody from programmers can make us a Xmas present ![]() Last edited by european : 12-28-2006 at 07:56 PM. |
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Yep, seems simple enough doesn't it? I've been looking for something similar for quite a while..
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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com |
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Stochastic_RSI_Combination..........
European, I found an interesting Oscillator on the VT_platform called the Stochastic RSI_Oscillator. If you follow the normal rules of divergence, this seems to work very well.
Also, I came across this link where I learned about this Oscillator; it makes interesting listening: http://www.researchdig.com/div3rev/ I am also attaching here a MT4 version of this Oscillator, but it is slightly different. Having said that, once you get use to it, it works well enough for me in the test-phase this far. Best wishes.
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I am looking for an indicator called:
Trend Reversal Index It is from John Netto's book- One Shot One Kill Trading He uses it for DIVERGENCE trading much like the applications mentioned in this thread. He found that after looking at hundreds of different indicators- he found that this indicator worked the best. Netto mentions that it is a RSI 13 period with a RSI 3 period the Metastock formula is: RSI(13)+Mov(RSI(3),3,S I hope that somebody has seen this indicator for MT4, or is kind enough to create for a non-programmer etc.. Ty-in advance, Matt Rippy |
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Divergence
I have been experimenting with divergence over the past few weeks using the CCI indicator and confirming the entry point with RVI and RSI/MA. So far it appears to be giving fairly good results. I thought I would post a screen shot for anyone who is interested. I will post more details as soon as I can.
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Hello increase ,
I noticed you made a pretty good attempt at helping y09ster and so now, I found a similar indicator with divergence lines (if its placed in the first indicator window). I'm hoping you can tell me how to program this one to give alert with sound at its best deviation as well? Thanks again, richard Last edited by bratt : 12-30-2006 at 02:59 PM. |
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