REQ: PVDivergenceSpotter

[⭐ zbear]

Can anyone help educate this indicator?

 

Good indicator for predicting trend reversals.

 

http://www.sendspace.c0m/file/8vjlp9

 

http://img15.imageshack.us/img15/2939/77zm.jpg

[Traderbeauty]

is it similar or close to PVDelataDivergence which was already educated here?

( which btw- i believe is very good).

[⭐ zbear]

PVDivergenceSpotter and PVDelataDivergence are similar and written by the same person.

 

PVDelataDivergence is a great indicator and so is this one.

 

Hopefully someone can help educate this for everyone.

[⭐ trader1968]

Let's not make frivolous posings...read the rules on how to correctly post on this forum. Edited August 17, 2014 by FloridaTrader

[admis]

patched: https://@nonfiles.com/file/be9714c527791e9bf49e6aa394036f4a

7zip packer used. pass: indo-investasi.com

[admis]

PVDivergenceSpotterStrategy. The PVDivergenceSpotter indicator used as a signal generator. (Run with Reverse = True). Audio files included.

patched: https://@nonfiles.com/file/fa7ff597f9d015f9cd715a88898edf93

7zip packer used. pass: indo-investasi.com

[trad128]

thank you very much

[trad128]

hah finally i can use the THANKs button

[Traderbeauty]

Wanted to thank for the sharing and the educating.

These 2 indicators are totally different although they both deal with divergence.

One ULTRA important fact is that divergence is only a POTENTIAL for a move to happen.

Having a divergence is meaningless and can be hazardous and treacherous specifically to a new trader.

Divergence ( unless its a hidden one ) normally is pointing that the current move has ended and we should trade opposite.

This is great and dandy when the market is slow and not one directional.

When there is a strong move you will get tons of divergence signals with all of them false and you will lose a lot.

The PV divergence spotter is just like many indicators that are in the market - like rj's and kwikpop and many others. All they do is looking for a graphic divergence between the price and another indicator like macd or cci or any other. Again- I cannot stress it enough, taking a trade against a strong market EVEN THOUGH you have a divergence will cause you huge losses.

So the div spotter is using two tops or two bottoms of price and compares these spots values of the macd- or cci etc which is fine and classic BUT.... again- on a strong move up for example- you will be wasting your time trying to short with every div signal instead of trying to go long etc.Another but is- many times specifically on small legs there are no two tops / bottoms and you will miss the move.

The other indicator- the PV DELTA Divergence imho is much better.Its hunique because it does not need to compare two separate locations but instead it compares bar to bar to bar and once it got a div. in the volume and if you know that you are at a crucial location like a support/ resistance etc and you start to get a signal then you can enter and the div indi is acting as an extra assurance at once- no need to wait.

I use it all the time and again- imho its very good- ( make sure you change the default of waiting to the bar close to false). Adding GOM volume divergence on top of that and you can really start to see what is going on.

The best divergence - again - IMHO and this is just an opinion- nothing else ( the fact that i am using it every day always with success is negligible lol but again you dont have to follow specifically not trader 34 and his friends) lol.

If you dont believe me then all you have to do is look at ANY chart- any symbol, any time frame.

Let me explain- the market is ALWAYS moving in series of legs- whether up or down, each leg should carry it higher/ lower by at least 1.272 , if the market FAILS to make that extension it means ITS TIRED of moving in the current direction.If it made just a 1.112 fib extension that means that most likely there are two possibilities- one- we will have a symmetry back which also equals to a 0.886 retracement and then will continue in the current direction. 1.12 extension specifically in the CL almost always points to a reversal.

BUT the BEST and obvious divergence is when the market fails to make a new low/high and goes higher/ lower by only 1-2 ticks and then reverses, that means a total reversal.

I highly suggest to you to take a chart and just scroll forward- - no need to replay and see for yourself.

Hope that helped.

Traderbeauty-Jane

[LisaAkira]

PVDivergenceSpotterStrategy. The PVDivergenceSpotter indicator used as a signal generator. (Run with Reverse = True). Audio files included.

patched: https://@nonfiles.com/file/fa7ff597f9d015f9cd715a88898edf93

7zip packer used. pass: indo-investasi.com

 

Thank you admis

[admis]

@Traderbeauty:

Thanks for your valuable comments. Do you know VolumeStop indicator?

c# file: https://anonfiles.com/file/35ab1ec6810db411cb9bd5046ef50e38

[⭐ zbear]

Thanks guys for all the hard work!!

 

You guys are awesome!!

[Traderbeauty]

Hi Admis

I do have volumestop V1 and V4 but i never used them, what exactly do they do ? any idea? would love to use and add any possible leading tool.

Thanks

traderbeauty-Jane

[admis]

Hi Traderbeauty

I sent in the above attachment link to BMT forum where it was discussed.

www.bigmiketrading.com/ninjatrader/885-cory-s-volumestopv3-now-v4-worth-look.html

I know at least few guys here have an allergy on BMT forum but there is a lot of smart people sharing their work.

[LisaAkira]

For those who don't have it yet.

 

PV DELTA Divergence for NT7 x64/x86 (Version Jan 2013 to v1.1)

 

http://XXX.sendspace.com/file/ccdmyp

 

....TY Traderbeauty for the above explanation!

Edited October 7, 2013 by LisaAkira

[⭐ osijek1289]

I wanted to add on to some great input by Jane (TraderBeauty) regarding the indicator in this thread, and get a

bit more into her reference to GOM. For the uninitiated, GOM is a set of indicators for NT which will capture

and store (for later recall) the buy and sell data that accompanies every tick, which is normally discarded by

NT. This allows one to identify are sellers or buyers more aggressive, and in addition to capturing this and

allowing indicator authors to manipulate the data and write indicators that draw on the data, it allows for

things like order flow footprint charts of any timeframe or type to be displayed.

 

I've just given the PVDivergenceSpotter indi a spin here and it seems OK and helpful. It's important to

recognize that it builds it's divergence signals based on MACD (the default) and has others such as stochs, RSI,

MFI, etc. The problem with these is that they are all lagging indicators, based exclusively on trends. Thus,

they have little to do with realtime analysis, because they are plotting and assessing values relative to where

price has been, and within the timeframe of the current chart. Sure, once price has moved away from where it is,

the plotting will catch up, but that is just be default, because price got to where it is. In other words, they

don't show what is causing price to move, or why.

 

That's where the capture of bid and offer data allows assumptions to be made on whether buyers or sellers are

more aggressive. In the chart, the already stored GOM data shows us via DIV markings above or below a candle if

buyers or sellers are causing the price to move.

 

I have chosen 8 minutes as a sort of 'cherry pick' that shows reasonable success of PVDivergenceSpotter catching

trend changes, as do the DIV signals. One of the settings within that indicator (GOMDeltaDivergence) is that you

can specify what factor of discrepancy you want to trigger a signal. To avoid excessive signals, I have chosen 8

as the value. It's important to note that the Asia and Europe sessions tend to have less volume for almost all

instruments, and thus what is needed to move the market or instrument during these sessions tend to be less,

hence there are not as many DIV signals during this sessions. This can of course be changed by decreasing and

tweaking this value.

 

The DIV signals can be set to appear while the candle is being draw, or after the candle closes. Of the other

onscreen indicators in this sample, the GomDeltaMomentum also shows is the buying or selling continuing, or

ceasing of one, and the other starting. An 8 minute chart isn't necessarily the best example for clarifying if

one is continuing and the opposite start - a lower timeframe chart like a 3 min is more helpful for this and is

ideally another chart you are displaying and monitoring.

 

(It's also important to mention that the captured GOM data allows one to build volume footprint charts, and see

the actual buying and selling within each bar [of whatever timeframe one chooses] - this chart is an extremely

helpful chart to show how aggressive and with what lot size market participants are entering the market. An

example of how that chart would look is this: http://i39.photobucket.com/albums/e156/tb9pdvs/GOMIladder.png )

 

Here is a professional charting application's version of essentially the same (bid/ask based delta divergence)

indicator, with a 6min video explaining what is looked for and what is happenning within this indicator:

http://support.marketdelta.com/entries/114191-delta-divergence-indicator

 

Notice the NoD and NoS (No Demand, No Supply) signal placements. These too tend to work fairly well in chart

timeframes such as 7,8,10,17, 25 min, etc. It's VSA based and strictly uses volume variables. There's a whole

bunch of enhancements that a fine programmer 'educated into the original indicator, which I won't get into here.

It is the Better Pro Am X indicator.

 

Notice the blue dashed line, the daily developing VWAP. It is key to the vast majority of instruments, and

especially to CL. If you follow price and how it interacts with the VWAP - especially by the time the NY session

comes around, there is nice consistentcy there, that at minimum, provides for scalp trades.

 

And then there is how price interacts with floor pivots, support, resistance, yesterday's VWAP/open/close,

yesterday's high/low. What is NOT shown on this chart is what the indicator anaFibsFromPriorDay would draw: this

is a fibbing of the previous day's price, shown 'today', and then how price reacts at those levels. On the

provided chart, it is the italicized levels with the fib numbers that show. Once you have it on your chart and

scroll back through the days, that indicator will redraw the fibs to show you where price stopped. CL is very

obedient to these levels, especially 23% and 78%, and then once today's price is outside of yesterday's range,

+/- 127% 161% 200% and 261% are all very very important levels that price will usually respond to. Try it.

I won't go into further excruciating detail here, because the biggest value is in 1) how all the above 'signals'

can coincide to give trades and 2) if you're interested in learning, following the price action in the chart and

seeing what level stops price and allows for trades. IMO it is fascinating and amazing how many opportunities

there are to take trades based on this.

 

I have tried to include all the indis and a template that should bring them all together. Note that depending on

your geography, some of the indicators need you to defined which session is your RTH session. Also, if you do

not have the GOM indicators installed you will not get any DIV signals, nor GomDeltaMomentum bars; you can let

the indicator run and collect realtime data as it comes into your PC, but if you are not writing the data (WRITE

DATA is the indicator setting within GomDeltaMomentum) you will not have any historical GOM data saved, when

historical chart data is pulled to display. Should you want this to work 1) GOM has to be properly installed

(found elsewhere on these threads) and 2) your PC needs to be running and connected to the datafeed to capture

the realtime bid/ask data.

 

http://www.sendspace.c0m/file/eshhcs

 

http://i.imgur.com/Olrq3Lu.png

[⭐ flipper26]

@osijek1289, don't you have to run a session template to get those pivots and fibs from Harry to plot properly? By the way, how to you get the DIV in pink and green to show up? Thanks a lot.

[⭐ osijek1289]

@flipper26. Yes the proper session template is required, but that is usually just a selection from the drop-down under Data Series. Since this is CL, this is the one I use; I can't recall if it was included in NT7 or if I created it. (I think I created it). It basically just defines the formal opening and closing times of the instrument. There are some other indicators from others that, if you want certain features to work, you have to define the RTH and ETH separately, or, define the 1st 30min of a instrument to get the opening range to display properly.

 

The DIV markings are pulled directly from the GOM data. Thus, all the right GOM indicators need to be installed, and the DAT files that are written one per day, one per instrument, need to be available; these files are created as realtime data comes in. Thus, the computer needs to be on during the times you want data, ie., 5 days a week, 24hrs a day (although you might not care about the Asia, or even London data). I think if you just install the indicator without any of the other GOM stuff, you should see the DIV signals pop up as the realtime data comes in. But, if you change your chart timeframe or add/remove other indicators, the DIV markings will disappear because there is no GOM data saved to the *.DAT files. Hope that makes sense.

 

http://i.imgur.com/uyKdZlH.png

[⭐ flipper26]

Thanks osijek1289, I have some session templates so just wanted to confirm that it was needed. I did finally see the divergence printing, I got a pink and green "D", instead of "DIV" but no worries it all seems to be working fine now. Thanks for the template.

[admis]

@LisaAkira:

Edu: https://@nonfiles.com/file/2695c323a769a962cde145e9baf64b7e

7zip format, pass: indo-investasi.com

[admis]

osijek1289:

Thank you for your detailed descriptions. I got your message. I need 15 posts to answer you. ;)

[thaomoua]

osijek1289, awesome template and explanation.

 

Quick question for you. I imported the indi you provided in your link. However, when I load up your template, I'm missing anaFibsFromPriorDay, _Better_Pro_AM_X, & anaPivotsDailyV42.

 

I checked my indi list and I do find 'anaFisFromPiorSessionV38, anaPivotsDailyV38, anaPivotMonthlyV38, anaPivotWeeklyV38, _BetterProAm, _BetterProAmPb, & _BetterProAmSm.' So I'm going to assume you included some older indi in your link.

 

Can you verify?

 

Thanks.

[⭐ osijek1289]

Sry @thaomoua, I think I referred to it by the wrong name in my text. I just double checked what was in the uploaded RAR, and the actual name is of the indi is the one called anaFibsFromPriorSessionV38.cs (there's a few versions of the indi, and they are pretty much identical)

 

And note that for that indi and the other ana* indis, it is very important to change the "Session # for RTH" field. Some of them also have a "Settlement/Close" field where you can choose from "CalcFromIntradayData" or "DailyBars" - the 1st selection is usually best, as the "DailyBars" I think uses bars from a daily chart (which need to be loaded in your historical data) and, depending on datafeed, may for ES only be during the RTH hours of 9:30 to 4 EST. Thus, use CalcFromIntradayData and you will be safe. But, you do have to have the right template hours in your DATASERIES selection, because it is those opening and closing hours that are used, and, various instruments have various opening hours; if you use the wrong one, the indicators can poll the wrong times on your chart, and highs, lows, closes, etc can be wrong.

[LisaAkira]

@osijek1289 Thanks so much for the "education" and nice stuff as well!!

[⭐ aotegaoteg]

Hi All link is dead can some one reupload thks