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Direct MessagesDate/Time: Mon, 29 Apr 2024 00:43:00 +0000
Post From: Divergence Line Drawing
| [2015-11-15 16:41:34] |
| CustomIndicators - Posts: 126 |
|
Futures Operator, The way this algo identifies swing points, is this. I'll give the example of locked swing points. Lets say there are 4 candles. 3, 2, 1, and 0. 0 is the live candle. 1 is the last locked candle, etc. For a Peak: if 3 < 2 and 2 > 1 For a Valley: if 3 > 2 and 2 < 1 Do you prefer a different method of identifying swing points? I'm not at my trading office right now due to it being the weekend, so I can't look at my code to be sure at the moment. I believe the divergences are something like this: Lets say, we are keeping track of 2 Peaks, and 2 Valleys. Peak1 is the last locked peak. Peak2 is the second locked peak back. Valley1 is the last locked valley Valley2 is the second locked peak back. --- Divergences: Price chart: if Peak2 > Peak1 Oscillator: if Peak2 < Peak1 ------------------ Price chart: if Peak2 < Peak1 Oscillator: if Peak2 > Peak1 Does that make sense? I hope I'm writing this correctly. For the MACD version, which line would you want to be used for the divergence/convergence lines? Yes, customization of the arrows/lines for colors and show/hide could be easily put in. I'm sorry about the miss-draw. The reason for this is that the candles in that area have the same timestamp down to the second. You are using a tiny tick chart, so this will happen. I tried to fix it when I was working on this study. No luck. Perhaps I'll give it another shot one of these days. |