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Delta Divergence Details »»
Delta Divergence
Platform: , by Soultrader (Super Moderator) Soultrader is offline
Developer Last Online: Jun 2011 Show Printable Version Email this Page

Platform: Tradestation Rating:
Released: 01-29-2008 Last Update: Never Installs: 14
 
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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.

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File Type: eld DELTA_DIVERGENCE.ELD (5.7 KB, 698 views)
File Type: eld DELTA_DIVERGENCE_SM.ELD (5.7 KB, 578 views)

Screenshots

Delta Divergence-delta-divergence.png  

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The Following 9 Users Say Thank You to Soultrader For This Useful Post:
Chouca (01-31-2010), hawk_7_7 (12-04-2008), pchan (03-17-2010), RobotMan (09-04-2009), salopare (01-27-2012), scottzim46 (01-25-2010), Tams (04-20-2009)

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Old 01-30-2008, 07:31 AM   #2

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Re: Delta Divergence

Should I use Tick count or Trade volume for this? Thank you in advance.
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Old 01-30-2008, 07:55 AM   #3

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Re: Delta Divergence

Quote:
Originally Posted by garp »
Should I use Tick count or Trade volume for this? Thank you in advance.
garp

Use Trade volume rather than tick count.

Cheers

Blu-Ray
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Old 02-01-2008, 11:54 AM   #4

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Re: Delta Divergence

I am using a 1 min and a 144 tick chart. I had it on for a day and did not get any divergences on the ym charts. What am I doing wrong here. If you do it on volume how do you plot it on a tick chart.
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Old 02-01-2008, 01:31 PM   #5

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Re: Delta Divergence

great job

Is DeltaDivergence indicator give signal only at the hi and low of the day?

sean
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Old 02-03-2008, 12:15 AM   #6

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Re: Delta Divergence

Hi I"m trying to download the ELD for thr DELTA DIVERGENCE INDICATOR and everytime I click on the document I got A message that I'm trying to edit someone else post or not logged in.Can anyone tell me how can I get this indicator in any other way.?
Sorry I'm new user and just don't know.
Thanks for any help
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Old 02-03-2008, 01:03 AM   #7

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Re: Delta Divergence

Are you clicking on the attached .eld files and not the install button? If you are able to post, youre account is activated. You shouldnt have any restrictions against downloading attachments.
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Old 02-03-2008, 11:41 AM   #8

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Re: Delta Divergence

Never mind,sorry for bother you,I found my problem on my explorer.
Thanks for your help
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