Guest indoshare Posted June 9, 2011 Report Share Posted June 9, 2011 Hello Guys, Please share your best Divergence Indicator! Thanks. Indoshare Quote Link to comment Share on other sites More sharing options...
⭐ dukeaugustus Posted June 9, 2011 Report Share Posted June 9, 2011 (edited) Here is one from my archive folder, this is a OSMA indicator with regular divergence, as well as hidden divergence, automatically drawn for you in both the main price window above and in the lower indicator window below. I have forgotten where I initially got this one from. http://mir.cr/BG6M6DNY I used to have a bunch of similar but different divergence indicators, but I have found the best divergence indicator is still our Mark One eye balls, and mentally drawn trend lines. So I had long since trashed many of my old and unused indicators. Unfortunately, the above is the only one I still have left in my archive folder. Hope it is useful to you. I hope others will have even better indicators to share. But my humble suggestion is still to train your own eyes to see the divergence, they tend to be more accurate than auto-drawn indicators. An easy exercise I used to do is simply slap your fav. oscillator on your chart (I use either standard settings for MACD or RSI), and simply on any currency chart, zoom in and zoom out, and try different timeframes. Focus first on the peaks or valleys on the oscillator (for example, the MACD). Once you see 2 consecutive peaks on the oscillator going flat or down (or alternatively 2 consecutive valleys on the oscillator going flat or up), then put two mental (or actual lines, up to you) vertical lines at those 2 peaks (or valleys), follow with your eyes up those vertical lines to the price chart, if those 2 lines correspond to higher highs in an uptrend, (or lower lows in a downtrend), then you have yourself regular divergence. After doing this a few times, it can become almost second nature to spot divergence, just my humble suggestion. Edited June 9, 2011 by dukeaugustus C0UNDE, charrob and taipan 3 Quote Link to comment Share on other sites More sharing options...
Guest indoshare Posted June 9, 2011 Report Share Posted June 9, 2011 Hi Duke, Which is the best time frame to use? Thanks. Quote Link to comment Share on other sites More sharing options...
Guest indoshare Posted June 9, 2011 Report Share Posted June 9, 2011 Please someone share the best divergence indi thanks. Quote Link to comment Share on other sites More sharing options...
tsar Posted June 9, 2011 Report Share Posted June 9, 2011 FX5 Divergence_v3 Indie Here there are FX5 Divergence_v3 Indie :-bd - Work in ALL Time Frime incld Allert. - Draw Automatic Divergence Line in MAIN Window. - Can Setting On/Off Divergence Line. hxxp://www.4shared.com/file/ACIRxaV8/FX5_Divergence_v3.html Enjoy... :) taipan, C0UNDE, ⭐ cowboy and 3 others 6 Quote Link to comment Share on other sites More sharing options...
⭐ dukeaugustus Posted June 9, 2011 Report Share Posted June 9, 2011 Hi Duke, Which is the best time frame to use? Thanks. Hi indoshare. Valid divergence should work on any timframe that you normally trade in. The particular indi I shared in the earlier post I was using on M30 and M15, but only because that was the timeframe I was trading in at that time. But I no longer use this indi, as now I prefer to use my eyeballs and line-draw tools. Quote Link to comment Share on other sites More sharing options...
darksorrow Posted June 9, 2011 Report Share Posted June 9, 2011 Here is one http://codebase.mql4.com/5863 Quote Link to comment Share on other sites More sharing options...
bnbb2004 Posted June 9, 2011 Report Share Posted June 9, 2011 (edited) Here there are FX5 Divergence_v3 Indie :-bd - Work in ALL Time Frime incld Allert. - Draw Automatic Divergence Line in MAIN Window. - Can Setting On/Off Divergence Line. Enjoy... :) Hi Tsar! Have you found this indy to repaint at all? If it's the same one I used in the past (same name), I saw that the arrow/line would disappear sometimes... Edited June 9, 2011 by bnbb2004 Quote Link to comment Share on other sites More sharing options...
⭐ dukeaugustus Posted June 9, 2011 Report Share Posted June 9, 2011 Although this is not an indi, but I just happened to see this today, and it is free, a small ebook on trading MACD divergence and convergence, for anyone who is new at this, or not sure of how to trade convergence/divergence. Enjoy: http://mir.cr/17ARZH99 charrob 1 Quote Link to comment Share on other sites More sharing options...
tsar Posted June 10, 2011 Report Share Posted June 10, 2011 (edited) Hi Tsar! Have you found this indy to repaint at all? If it's the same one I used in the past (same name), I saw that the arrow/line would disappear sometimes... Although this is not an indi, but I just happened to see this today, and it is free, a small ebook on trading MACD divergence and convergence, for anyone who is new at this, or not sure of how to trade convergence/divergence. Hi bnbb2004 and dukeaugustus, How much Painters to repaint the Room ?? :D This Indie based Divergence Signal + Divergence Pattern. It's Not Easy to learn about Divergence... :-? If you interest to Learn much more, here you go : http://mir.cr/M6S8BCJ0 Another : [spoiler=Link Site]hxxp://www.trading-naked.com/Divergence.htm hxxp://www.investopedia.com/search/default.aspx?q=Divergence+&submit=Search Best Regards, :) Tsar Edited June 10, 2011 by Tsar retireme, ⭐ dukeaugustus and bnbb2004 3 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.