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Any Delta Divergence Ideas?
The indicator appears to hold potential as a possible entry signal. However, since it requires live data I'm having a heck of a time testing it. Currently I have a very basic system in order for me to get the feel of how the indicator works with live data.
My setup is this:
5-minute chart of YM
When Delta Divergence fires go Long/Short on next bar at market
Set Target of 25 points
Set Stop of 30.
Only trade during 8:30 - 14:30 (central)
I started testing this about a week ago and looks like it has potential. Obviously there will need to be changes and a lot more testing. Thus to help speed this up I was wondering if anyone else had some ideas on using Delta Divergence as part of a trading system? Or maybe you just have an idea such as a filter to exclude signals. Anyway, would love to hear some thoughts on using Delta Divergence.
Thanks all.
Jeff
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