Delta Divergence - Page 2 - Traders Laboratory

01-29-2008, 04:06 AM

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Delta Divergence

Credit and thanks goes out to Blu-Ray for developing this indicator. The original post can be located here.

" 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...
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#8 (permalink)

By drlicks on 02-04-2008, 01:08 PM

Re: Delta Divergence

	Quote:	Soultrader
	I think Blu-Ray mentioned above to use Trade volume instead.

thanks-- yes i have been using trade volume but still don't see any divergences

#9 (permalink)

By thrunner on 02-04-2008, 01:43 PM

Re: Delta Divergence

	Quote:	drlicks
	have not seen any dots/divergences on the chart... does it not work on tick charts? thanks...

You were not specific with your symbol and tick setting and datafeed source, but it should work with tick charts if the symbol traded a few times at higher higher (HH) or lower lows (LL) with respect to the HOD or LOD, respectively.

For example the attached showed about a dozen DD (Delta Diverg.) this AM with the ESH08 189 tick, TS data feed. A trader wouldn't have been very successful buying the DD (shown blue) for the first 10 signals or so. However, the signal could be useful in combination with other trend determination.

Attached Images

ES DD 2008-02-04_133553.png (17.0 KB, 118 views)

#10 (permalink)

By drlicks on 02-04-2008, 02:53 PM

Re: Delta Divergence

	Quote:	thrunner
	You were not specific with your symbol and tick setting and datafeed source, but it should work with tick charts if the symbol traded a few times at higher higher (HH) or lower lows (LL) with respect to the HOD or LOD, respectively. For example the attached showed about a dozen DD (Delta Diverg.) this AM with the ESH08 189 tick, TS data feed. A trader wouldn't have been very successful buying the DD (shown blue) for the first 10 signals or so. However, the signal could be useful in combination with other trend determination.

Thanks I think I got it working--- I noticed you are using the front month on the ES and I have been using the Continuous so that may have been the problem... thanks for the pic!

#11 (permalink)

By ian_uk on 04-02-2008, 10:07 AM

Re: Delta Divergence

Apologies if this has already been covered but does the divergence indicator in this thread calculate a divergence in the same way as this video

http://blog.marketdelta.com/index.ph...rgence&submit=

I am not a TS indicator expert but if blue ray is able to say whether any of the posted indicators is capable of being edited. The video seems to look in particular at lows in a range and then applying the divergence related to that position.

This forum is excellent (sharing of practical information). I think it was in the forum that I only recently realised ninjatrader had such good charting and flexibility in processing data.

Best regards

Ian

#12 (permalink)

By Blu-Ray on 04-02-2008, 12:12 PM

Re: Delta Divergence

	Quote:	ian_uk
	Apologies if this has already been covered but does the divergence indicator in this thread calculate a divergence in the same way as this video http://blog.marketdelta.com/index.ph...rgence&submit= I am not a TS indicator expert but if blue ray is able to say whether any of the posted indicators is capable of being edited. The video seems to look in particular at lows in a range and then applying the divergence related to that position. This forum is excellent (sharing of practical information). I think it was in the forum that I only recently realised ninjatrader had such good charting and flexibility in processing data. Best regards Ian

Ian

Yes it is exactly the same and it's FREE !

Cheers

Blu-Ray

#13 (permalink)

By ian_uk on 04-02-2008, 12:28 PM

Re: Delta Divergence

Great Blu-Ray and many thanks as watching that video I understood what the logic was trying to do (painting a divergence where it might matter). I understand that it has to run real time so I will watch it over the next few days to get acquainted with its action.

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