Calculate divergence from any Oscillator

• 11/12/2024 at 9:36 AM #240266
  Kruml0v

  Does anyone know how to signal divergences from oscillators? I mean, we have RSI Divergence as an indicator on the platform. Is it possible to build an indicator using Ultimate Oscillator or Chande and after that use it as a screener??  How can it be done?

  Thanks.

  

  Kruml0v

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  11/12/2024 at 12:04 PM #240272
  jacquesgermain

  Bonjour

  par exemple pour les divergences ultimate oscillator ajouter cet indicateur :

  Defparam CALCULATEONLASTBARS=300
  //Ultimate Oscillator by Larry Williams
  BuyPressure = close – min(low, close[1])
  TrueRange = TR(close)
  per =7
  avper = summation[per](BuyPressure) / summation[per](TrueRange)
  avper2 = summation[per * 2](BuyPressure) / summation[per * 2](TrueRange)
  avper4 = summation[per * 4](BuyPressure) / summation[per * 4](TrueRange)
  UltimateOscillator = 100 * ((4 * avper) + (2 * avper2) + avper4) / 7

  lowerline = 30
  upperline = 70
  if close>open then
  newclose=close
  newopen=open
  endif
  if close<= open then
  newclose=open
  newopen=close
  endif
  ///N is the number of bars to look back for a divergence. Normal values are 20-40. Must be the same in both indicators
  N=23
  cache=1
  baissiere=1
  miultimate=UltimateOscillator
  if close>open then
  newclose=close
  newopen=open
  endif
  if close<= open then
  newclose=open
  newopen=close
  endif
  IF (miultimate[1]>miultimate AND miultimate[1]>miultimate[2]) THEN
  extremumr2=miultimate[1]
  extremumr1=highest[N](miultimate)
  preciomaxr2=close[1]
  preciomaxr=Highest[N](close)
  IF(extremumr2<extremumr1 AND preciomaxr2>preciomaxr[1]) THEN
  for j=1 to N
  if miultimate[j]=extremumr1 and baissiere then
  zzr=j
  drawsegment (barindex[1], miultimate[1], barindex[zzr], miultimate[zzr])coloured(0,155,0)style(dottedline,2)
  DRAWPOINT(barindex[1], miultimate[1],1)coloured(0,155,0,0)BORDERCOLOR(0,155,0)
  DRAWPOINT(barindex[zzr], miultimate[zzr],1)coloured(0,155,0,0)BORDERCOLOR(0,155,0)
  endif
  next
  endif
  endif
  IF (miultimate[1]>miultimate AND miultimate[1]>miultimate[2]) THEN
  rsiextremB2=miultimate[1]
  rsiextremB1=highest[N](miultimate)
  rsipmaxB2=close[1]
  rsipmaxB=Highest[N](close)
  IF(rsiextremB2=rsiextremB1 AND rsipmaxB2>rsipmaxB[1]) THEN
  for rsik=1 to N
  if close[rsik]=rsipmaxB[1] and baissiere and cache then
  rsizzmB=rsik
  if newclose[1]<newclose[rsizzmB] then
  signalrsi=-2
  flag=1
  DRAWTEXT(“c”,barindex[1], miultimate[1],dialog,bold,10)coloured(0,0,180)
  drawsegment (barindex[1], miultimate[1], barindex[rsizzmB],miultimate[rsizzmB]) coloured(150,0,0)style(dottedline,1)
  endif
  endif
  next
  endif
  endif
  IF (miultimate[1]<miultimate AND miultimate[1]<miultimate[2]) THEN
  extremumr22=miultimate[1]
  extremumr11=lowest[N](miultimate)
  preciominr2=close[1]
  preciominr=lowest[N](close)
  IF(extremumr22>extremumr11 AND preciominr2<preciominr[1]) THEN
  highrsi=highest[N](miultimate)
  roundmonhighrsi=round(monhighrsi)
  monhighrsi=highrsi
  for j2=1 to N
  if miultimate[j2]=extremumr11[1] then
  zzr2=j2
  drawsegment (barindex[1], miultimate[1], barindex[zzr2], miultimate[zzr2])coloured(0,155,0)style(line,2)
  DRAWPOINT(barindex[1], miultimate[1],1)coloured(0,155,0,0)BORDERCOLOR(0,155,0)
  DRAWPOINT(barindex[zzr2], miultimate[zzr2],1)coloured(0,155,0,0)BORDERCOLOR(0,155,0)
  endif
  next
  endif
  endif
  IF (miultimate[1]<miultimate AND miultimate[1]<miultimate[2]) THEN
  rsiextremC2=miultimate[1]
  rsiextremC1=lowest[N](miultimate)
  rsipminC2=close[1]
  rsipminC=Lowest[N](close)
  IF(rsiextremC2=rsiextremC1 AND rsipminC2>rsipminC[1]) THEN
  for rsil=1 to N
  if close[rsil]=rsipminC[1] and cache then
  rsizzmC=rsil
  DRAWTEXT(“c”,barindex[1], miultimate[1],dialog,bold,10)coloured(0,0,180)
  drawsegment (barindex[1], miultimate[1], barindex[rsizzmC],miultimate[rsizzmC]) coloured(150,0,0)style(line,1)
  endif
  next
  endif
  endif
  if miultimate crosses over 19 then
  DRAWPOINT(barindex, miultimate, 2)
  endif

  return UltimateOscillator coloured(0,0,0), lowerline coloured(0,0,255) as “lower line”, upperline coloured(0,0,255) as “upper line”

  puis ajouter ce screener :

  CapitaLisationMini =100000
  timeframe (monthly)
  c1=average[20](close*volume)>(CapitaLisationMini*21)
  timeframe (weekly)
  c1=average[20](close*volume)>(CapitaLisationMini*5)
  TIMEFRAME(4 HOUR)
  c1=average[20](close*volume)>(CapitaLisationMini/2.14)
  TIMEFRAME(1 HOUR)
  c1=average[20](close*volume)>(CapitaLisationMini/8.5)
  TIMEFRAME(30 minutes)
  c1=average[20](close*volume)>(CapitaLisationMini/17)
  TIMEFRAME(15 minutes)
  c1=average[20](close*volume)>(CapitaLisationMini/34)
  TIMEFRAME(5 minutes)
  c1=average[20](close*volume)>(CapitaLisationMini/102)
  TIMEFRAME(2 minutes)
  c1=average[20](close*volume)>(CapitaLisationMini/255)
  TIMEFRAME(daily)
  c1=average[20](close*volume)>(CapitaLisationMini)
  Timeframe(default)
  N=23///N is the number of bars to look back for a divergence. Normal values are 20-40. Must be the same in both indicators
  //using any other indicator is as easy as changing the values
  mymonultimate, ignored, ignored = CALL “mon ultimate”
  miultimate =mymonultimate //RSI[14](close)// exponentialAverage[12](close) – exponentialAverage[26](close)
  signalh=0
  signalb=0
  if close<= open then
  newclose=open
  newopen=close
  endif
  IF (miultimate[1]>miultimate AND miultimate[1]>miultimate[2]) THEN
  rsiextrem2=miultimate[1]
  rsiextrem1=highest[N](miultimate)
  rsipmax2=close[1]
  rsipmax=Highest[N](close)
  IF(rsiextrem2<rsiextrem1 AND rsipmax2>rsipmax[1]) THEN
  for rsii=1 to N
  if close[rsii]=rsipmax[1] then
  rsizzm=rsii
  if newclose[1]>newclose[rsizzm] then
  signalb=-1
  endif
  endif
  next
  endif
  endif
  IF (miultimate[1]>miultimate AND miultimate[1]>miultimate[2]) THEN
  rsiextremB2=miultimate[1]
  rsiextremB1=highest[N](miultimate)
  rsipmaxB2=close[1]
  rsipmaxB=Highest[N](close)
  IF(rsiextremB2=rsiextremB1 AND rsipmaxB2>rsipmaxB[1]) THEN
  for rsik=1 to N
  if close[rsik]=rsipmaxB[1] then
  rsizzmB=rsik
  if newclose[1]<newclose[rsizzmB] then
  signalb=-2
  endif
  endif
  next
  endif
  endif
  IF (miultimate[1]<miultimate AND miultimate[1]<miultimate[2]) THEN
  rsiextrem22=miultimate[1]
  rsiextrem11=lowest[N](miultimate)
  rsipmin2=close[1]
  rsipmin=lowest[N](close)
  IF(rsiextrem22>rsiextrem11 AND rsipmin2<rsipmin[1]) THEN
  for rsij2=1 to N
  if close[rsij2]=rsipmin[1] then
  rsizzm2=rsij2
  if newopen[1]<newopen[rsizzm2] then
  signalh=1
  endif
  endif
  next
  endif
  endif
  IF (miultimate[1]<miultimate AND miultimate[1]<miultimate[2]) THEN
  rsiextremC2=miultimate[1]
  rsiextremC1=lowest[N](miultimate)
  rsipminC2=close[1]
  rsipminC=Lowest[N](close)
  IF(rsiextremC2=rsiextremC1 AND rsipminC2>rsipminC[1]) THEN
  for rsil=1 to N
  if close[rsil]=rsipminC[1] then
  rsizzmC=rsil
  if newopen[1]>newopen[rsizzmC] then
  signalh=2
  endif
  endif
  next
  endif
  endif
  screener [c1 and (signalh>0)](signalh as “divhaussiere”,signalb as “divbaissiere”)

  //////////////////////////////////////////////

  2 users thanked author for this post.

  Iván, robertogozzi

  

  jacquesgermain

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  Been thanked: 46 times
  11/14/2024 at 7:44 PM #240387
  Kruml0v

  Thanks. I’ll give it a try.

  🙂

  

  Kruml0v

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  Replies: 2

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