Divergence Spotter (New at Poshtrader.com)
Divergence Spotter (New at Poshtrader.com)
29 Dec 2019, 13:19
This indicator finds and scans for regular and hidden divergences automatically using any attached oscillator.
To offer a broad market perspective, the indicator can be loaded many times in the same chart using different oscillators, without interference.
Regular Divergence
- Price is making higher highs while the indicator is making lower highs
- Price is making lower lows while the indicator is making higher lows
Hidden Divergence
- Price is making lower highs while the indicator is making higher highs
- Price is making higher lows while the indicator is making lower lows
Parameters
- Option to set minimum and maximum distance between peaks/valleys to identify divergence
- Option to define the number of bars the indicator is able to optimize for highs/lows in the price
- Option to enable/disable hidden divergence
- Visual options
Reminder! Oscillators are known as lagging indicators. Where peak/valley appears in oscillator it might be delayed a couple of bars compared to the price
https://poshtrader.com/items/ctrader/3442/
This algo is licensed using publicly available PoshTrader Marketplace licensing. After downloading the algo file you will be prompted to obtain a license key from the PoshTrader website and after successful validation, you can install the latest version of this algorithm.
Interested in selling your own products without worrying about anything else than programming? Or just got an idea for a trading tool and would like to distribute it but don't have the experience? PoshTrader is offering programming services and a marketplace where you can sell your products backed by subscription models and product licensing to protect from unauthorized distribution and increase your sales. ‒ https://poshtrader.com
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Phone: (372) 55 12 234
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