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Old 01-28-2008, 05:21 PM
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Re: Bid-Ask Tape Indicator

Right here goes for the Delta Divergence:

It's based on the High of Day and Low of Day, I've also coded it with the alerts to fire off when a divergence appears.

Note: when testing it today, Alerts were really annoying within the first 15-30 minutes of the day, as they kept firing off when the market is finding it's range. ( Maybe that was my fault because I was testing it on 5 different symbols )

Also coded it up into a "Show Me", so it will plot a dot with the relevant color when a divergence appears. However, I've coded this one up to fire off as soon as the next bar starts. As what would happen, it would plot a dot when divergence started to appear within a bar, but by the time the bar finished and there was no divergence the dot would still be there.

Hope this helps

Blu-Ray



Note: to anyone unfamilar with this indicator, it will only work on LIVE data ( not historical ).

Oh......I nearly forgot, don't forget to send in your $499 to TL , so we can split the money ( a comment made by Hubert in the webinar )


Attached Images
File Type: png Delta Divergence.png (21.0 KB, 324 views)
Attached Files
File Type: eld DELTA_DIVERGENCE.ELD (5.7 KB, 84 views)
File Type: eld DELTA_DIVERGENCE_SM.ELD (5.7 KB, 62 views)

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