RSI Divergence

• 02/02/2017 at 1:39 AM #23503
  Johan

  This indicator is included in PRT. But when i’m trying to use it in automatic strategy it can’t be called. Not with it’s name like “RSI” or with the “call” method. Is there a way to solve this or download the code somewhere?

  

  Johan

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  02/02/2017 at 10:17 AM #23530
  Nicolas

  Here are topics about indicators divergences from price, you’ll find indicators in their posts:

  • Divergence screener
  • Stochastic divergence

  And find attached a bunch of divergences indicators I found in my own platform. Hope it helps.

   

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  Jean-Yves, Lighthouse, Johan

  

  Nicolas

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  09/11/2017 at 11:15 PM #45974
  unkown0403

  Hello everyone!!

  I’ve tried the RSI DIVERGENCE open source, but I think it doesn’t work as I wonder…

  The default one that exists on prorealtime works very well, but it is unusefull if I want to use it with an automatic trading system…(I can’t)

  Does anyone can create it as the one set for default?

  I wish it can consider at max 3 or 4 candels to get the divergence…not like this one that calculate the divergences even with the last 10 bars……

  can anyone please help me?

   

   

  

  unkown0403

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  09/11/2017 at 11:19 PM #45978
  unkown0403

  p.s. I use RSI set in 2 periods

  

  unkown0403

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  09/13/2017 at 4:09 PM #46155
  Nicolas

  So you want to limit the maximum lookback periods to validate a divergence?

  

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  09/13/2017 at 4:29 PM #46156
  unkown0403

  Exacly Nicolas!!!

  

  unkown0403

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  09/13/2017 at 4:32 PM #46157
  unkown0403

  With the default one on the prorealtime, I can set number of RSI period and also how many candles for the lookback…

  

  unkown0403

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  09/18/2017 at 11:00 AM #46474
  Nicolas

  With the indicators in this post you can already change the periods.

  Anyway, I changed the RSI Divergence Open Source code to add a “lookback” variable to limit the bars quantity to validate or not a divergence. Please find it attached to this post.

   

  

  Nicolas

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  09/18/2017 at 5:25 PM #46528
  unkown0403

  Thanks a lot Nicolas…!!!!!!

  really!!

  There is another thing that I would like to know about automatic trading…

  …don’t know if you can help…don’t know if this is the right place to ask!!!…sorry about that…

  the question is:

  Is there a way to stop an open position after a right numbers of bars?

  for exemple:  the automatic platform opens a position, and I would like that that position will be closed after n.4 (exemple) bars…

  …so if I use 10 min timeframe it will close the operation after 40 min….

   

  Thanks Nicolas=)

   

   

  

  unkown0403

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  09/18/2017 at 7:42 PM #46534
  Despair

  This should do it:

  if onmarket and barindex-tradeindex=4 then sell at market exitshort at market endif

  1 2 3 4

  if onmarket and barindex-tradeindex=4 then   sell at market   exitshort at market endif

   

  

  Despair

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  09/18/2017 at 9:19 PM #46540
  unkown0403

  i WILL TRY IT SOON!!

  really thanks Nicolas!!!

   

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  Despair

  

  unkown0403

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  09/20/2017 at 5:39 PM #46726
  unkown0403

  Good evening Nicolas…

  …first I have to thanks despair for the codes!

  Regarding that divergence rsi indicator that you have kindly modified for me…

  I’ve tried it, but…sorry…it doesn’t give the same signals as the default one.

  I’ve compare the original indicator (rsi divergence of prt)with this and both set like this:

  num of rsi indicator 2

  oversold 20

  overbought 80

  lookback 4

   

  The modified indicator gives many more signals than the original one.

  If it is not a problem…try to look at it…

  if u got time…! otherway don’t worry about it!!

  Thanks a lot!!

   

  

  unkown0403

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  09/21/2017 at 4:12 AM #46747
  Mansoor

  Hi Nicolas. You’ve done a great job with the codes. May I ask what do these acronyms stand for?

  hico, loco, …

  hico1, loco1, …

  sto1b, sto2b, …

  sto1h, sto2h, …

  p1b, p2b, …

  Cheers

  

  Mansoor

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  09/21/2017 at 7:45 AM #46760
  Nicolas

  @fabioerliam

  The default indicator of the platform use lookback functions that cannot be reproduce by ProBuilder code. That’s why it is an internal tool with no source code available. These indicators I shared are for most part adapted on someone else code that deal with stochastic divergence, that’s why you can find variables names that sounds like ‘sto’ in the code.

  
  @Mansoor

  hico and loco variables deal with prices (high ones and low ones).

  Same for stochastic/RSI or whatever indicators for the sto1 or sto2 variables, b mean “bas” in french for “lows” and h for “haut” = “high”

  p1b, p2b, etc are the previous price highs or lows that are stored in these variables before saving new values into hico and loco (needed to compare old and fresh prices to spot divergences with the old and current indicators values).

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  Nicolas

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  09/21/2017 at 9:00 AM #46766
  unkown0403

  Understood!!
  Thanks Nicolas!

  

  unkown0403

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