Divergence Input Series For NT8

[DTSSTS]

the picture for the inputs in your reply to me looks like NT7 I do not see anything like that in NT8

I was looking for some ideas as to inputs and settings that would return some trade able setups, i could not get results after i modified the default ( I moved on after that

[aligator]

the picture for the inputs in your reply to me looks like NT7 I do not see anything like that in NT8

I was looking for some ideas as to inputs and settings that would return some trade able setups, i could not get results after i modified the default ( I moved on after that

1. The picture in post # 12 where I have marked in red rectangles the 2 custom parameters is from NT8. You did not post a picture of what you are looking at in your NT8 screen.

The indicator is a direct conversion of the NT7. So, everything is there.


2. I do not personally use this indicator, however, as with any indicator it is up to the trader to decide a signal is tradeable or not. The indicator only identifies possible divergences for a certain swing size in a certain time frame that may not be tradeable in a different time frame. Not all perceived divergences are detected due to swing limitations.

If you have made the required changes to the default parameters and are not getting any arrows printed it is possible you may not have enough data loaded. Try it on a 5-m chart with 5 days of data.

If you are still interested, please attach a complete screenshot of your NT8 chart showing date, time frame, security name with the indicator applied. Also a screenshot of the list of parameters. I can comment and see where the issue comes from.

Trade well!

[Cyanez]

Hi aligator
Is there a way to use this indicator to plot divergence between MES and MNQ for example?

Thank you in advance for your reply.
Regards
Carlos

[aligator]

Hi aligator
Is there a way to use this indicator to plot divergence between MES and MNQ for example?

Thank you in advance for your reply.
Regards
Carlos

No, divergence is a measure of momentum differences. Although it can be programmed for divergence between prices of two instruments. However, divergence between prices of two instruments is meaningless, since their movement can be related to different fundamentals, seasonality, etc. instead of directional momentum.

A better indicator for your purpose might be the Correlation Indicator that measures from 0-100 how one instrument will follow anther instrument's movement. For example, if one moves higher and the other follows, then they are correlated. The more closer to 100 the more correlated, and the more closer to 0 the less they are correlated. For example, the financial stocks are highly correlated to XLF (S&P financial sector ETF). So, if XLF is moving higher, then it would make sense if one buys the Bank of America stock.

Cheers!

[anfelipego]

The forum file sharing is temporarily unavailable as it is being moved to the NinjaTrader Ecosystem website. I've attached the file for your use.

Good afternoon,
Please if someone can tell me how to add alerts to this indicator?
Thanks.

[trdrJajaja]

Please first read the explanation notes that come with the indicator (in User Apps downloads), and also additional notes at the beginning of the code if you can open it in NinjaEditor.

As implied from the indicator name, divergence is calculated based on a "Input Series." The default input is the price Close. If you want to see divergence for i.e. RSI, then in the chart parameters list edit the default Input Series "Close" to your indicator of choice.

Also, you need to change the options for price data and data series to match your chart time frame. For example, if your chart time frame is 15 Min, then in the parameter list change the time frame option to 15 min.

In summary only 2 default values on Chart list of parameters need customization:

1. Change time series to indicator of choice
2. Change time frame option to chart time frame

Cheers!

Example for RSI:

Thank you!!