RSI Divergence
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- This topic has 18 replies, 7 voices, and was last updated 5 years ago by jayvee.
Tagged: divergences
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02/02/2017 at 1:39 AM #2350302/02/2017 at 10:17 AM #23530
Here are topics about indicators divergences from price, you’ll find indicators in their posts:
And find attached a bunch of divergences indicators I found in my own platform. Hope it helps.
3 users thanked author for this post.
09/11/2017 at 11:15 PM #45974Hello 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?
09/11/2017 at 11:19 PM #45978p.s. I use RSI set in 2 periods
09/13/2017 at 4:09 PM #4615509/13/2017 at 4:29 PM #4615609/13/2017 at 4:32 PM #46157With the default one on the prorealtime, I can set number of RSI period and also how many candles for the lookback…
09/18/2017 at 11:00 AM #46474With 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.
09/18/2017 at 5:25 PM #46528Thanks 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=)
09/18/2017 at 7:42 PM #4653409/18/2017 at 9:19 PM #4654009/20/2017 at 5:39 PM #46726Good 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!!
09/21/2017 at 4:12 AM #4674709/21/2017 at 7:45 AM #46760The 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.
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).
1 user thanked author for this post.
09/21/2017 at 9:00 AM #46766Understood!!
Thanks Nicolas! -
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