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 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.

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

Screenshot is attached.

[Mavrik00]

Soul,

well done on this indicator!

Do you know where i can find this for Ninja 6.5? Im not a TS user.

thanks in advance!

[user237509837]

Is this the same indicator sold by TTM known as Delta "D" ?

[astrolobe]

Hi Blu-Ray,
I see that you developed the Delta Divergence indicator for TS. I use NinjaTrader and was wondering if I could get a textfile of the EL code, so that I can port it to NinjaTrader.
Please feel free to give me a flat "no" if this is an imposition.

Thanks

[Blu-Ray]

Originally Posted by astrolobe »

Hi Blu-Ray,
I see that you developed the Delta Divergence indicator for TS. I use NinjaTrader and was wondering if I could get a textfile of the EL code, so that I can port it to NinjaTrader.
Please feel free to give me a flat "no" if this is an imposition.

Thanks

NO !! ...................... ...... lol... only joking, here you go :

inputs:
UpColor(Green),
DownColor(Red),
UpDivergence(Blue),
DownDivergence(Magenta);

variables:

MyVol(0), LL(0),HH(0),
Color(yellow),
intrabarpersist MyCurrentBar(0),
intrabarpersist VolumeAtBid(0),
intrabarpersist VolumeAtAsk(0),
intrabarpersist BAVolDiff(0),
intrabarpersist VolTmp(0);

if date <> date[1] then begin
LL = low;
HH = High;
end;

if Low < LL then LL = Low;
if High > HH then HH = high;



if LastBarOnChart then begin
MyVol = Iff(BarType < 2, Ticks, Volume);
if CurrentBar > MyCurrentBar then begin
VolumeAtBid = 0;
VolumeAtAsk = 0;
BAVolDiff= 0;
VolTmp = 0;
MyCurrentBar = CurrentBar;
end;
if InsideBid < InsideAsk then begin
if Close <= InsideBid then
VolumeAtBid = VolumeAtBid + MyVol - VolTmp
else if Close >= InsideAsk then
VolumeAtAsk = VolumeAtAsk + MyVol - VolTmp ;
end;
if VolumeAtBid > 0 and VolumeAtAsk > 0 then BAVolDiff= VolumeAtAsk-VolumeAtBid ;
VolTmp = MyVol ;
end ;
if BAVolDiff<= 0 then color = DownColor else color = UpColor;

plot1(BAVolDiff, "BAVolDiff", color);
Plot2( 0, "ZeroLine" ) ;

if low = LL and BAVolDiff> 0 then begin
setplotcolor(1,UpDivergen ce);
Alert( "New Low_Bid/Ask_Divergence");
end;

if high = HH and BAVolDiff< 0 then begin
setplotcolor(1,DownDiverg ence);
Alert ("New High_Bid/Ask_Divergence");
end;



Hope this helps

Blu-Ray

[BlowFish]

Astro there are a whole bunch of Ninja 'delta' type indicators (as there are TS ones ). I don't recall there being any that do divergence but it would probably be easier to use one of those as a starting point. I believe they are filed under 'buy sell' in the Ninja indicator section of the forum.

[astrolobe]

Thanks Blu-Ray, I really appreciate it!

[scottzim46]

Thanks you Bluray for developing this indicator. I have been using it so far on 20 min currency futures charts and like what I see.

I wanted to change the color of the blue show me dot to a color that I can see better on my chart. I have tried changing the color on both the Input tab, and under the color tab and I have not had any luck. Should Updivergence and Down divergence both be the same color under both tabs? I have tried this and havent had any luck. Any insight into this would be appreciated very much.

Bluray thaks again to the contributions you have made to this site.

Scott