MT Divergence Indicator

Originally from ticket #1516.

: I am using your Divergence ind and would like to know whether it is set to auto as far what indicator divergence versus price it shows or do I have the ability to select this ind.
Could you provide me with a manual how to set up and use it?

Regards,

E.

Hi

Support is provided via Help Desk and forum

There are two workspaces that show off some of the features:
MT Divergence
MT Divergence HILO

However these are set using Forex - you will need to chagne the instrument on the chart.

Params
Divergence Filter: 0 to 31 - Using Bitwise Flags 1,2,4,8,16 so to turn on 1 and 2 - add them together. This allows you to have a combination of different rules.
Divergence Filter Mode HiLo: use the bar, or the high and low of the day to compare to - for divergence
Divergence Filter Period: A generic parameter that will set any of the indicator/strudies period parameter - for example if you comparing to a CCI 9 - then Divergence Filter Period=9
Divergence Filter Smooth: Smooths the divergence indicator
Divergence Filter Smooth Study: Smooths the divergence indicator dataseries
Divergence Filter Study: Select the indicator or price from this list - eg CCI = 0

Param List
http://screencast.com/t/kgKiEhSn

Please let us know if want more help

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums

I would appreciate more thorough explanation how to use divergence filter. I am not a coder just trader and info in
email above didn't help at all. Some links included gave me site under construction.
Would be nice to have more step by step info.
I still don't have clue how to set it up or how to select given ind to get the divergence between it and price.

Hi

You do not need to be a developer, however you do need to able to use and read indicator parameters and configure them. The best way to learn is to experiment with different settings and visualise the results.

Summary
To use the indicator create a chart in NinjaTrader, then add the indicator to the chart and configure its parameters - then click apply to see the results.

Add the indicator MT Divergence to a chart -
So you can view and read its parameter list as detailed here:
Param List
http://screencast.com/t/kgKiEhSn

First of all check and set "MT Zone Setting ID"=0
This one of the common properties for presets as discussed in the help guides at:
http://help.microtrends.co/common_indicator_properties.htm
You can if wish cycle through some of the presets list in MT Zone Settings 0 to 30

I have put together a quick video for how to use that and how to manually edit what is there to experiment and see the results
http://screencast.com/t/hX90LzBBi

If that is not clear then a manual process is as follows:

Select a study
Select the indicator you would like to check for Divergence from within the MT Divergence parameterlist.

They are listed in the indicator parameter description for the parameter "Divergence Filter Study":
http://screencast.com/t/dnu4fpsEXIx

To assist you lets assume you are interested in a CCI indicator divergence study.
So set "Divergence Filter Study" = 0

Then you can experiment with the different types of divergence measurements,
you do this by reading the param Divergence Filter There a number of modes 1,2,4,8,16
Set this parameter to that setting and then click apply to see the effect

If you can state how you would spefically like to use divergence against what study and price i can provide you with some settings or directions as to how to do that.

I will alos post some more videos when they have uploaded

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums