MT Divergence Indicator - HIGH LOW Divergence filtering High Low Entry Signals
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?
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
Here is another video for you:
http://screencast.com/t/WTIGMCOYHd
Please let me know how you watn to use it so i can provide a custom video for you...
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
Hello Tom;
Thanks for the video explaining the use of divergence ind.
Could you tell me why the Zone Setting ID and Divergance Filter Study have different #?
When I set Zone Setting ID and use Zone Setting Load From the List by selecting the number I sellect the study and
all parameters will be inputted automatically, is that right?
How can I chage parameters for given Study.
I have gone over multiple studies by changing the number in the Zone Setting Load From the List but on the chart divergence arrow would stay in the same place. It looks like I am doing it a wrong way. Beside changing number in the list I have to change some other settings or values to see different results on the chart.
What study and settings would you recommend to find divergence in the areas of trend retracement.
I am first establishing general trend and then look for the correction. And then I would like to find whether divergence could assist me in finding the whether at the end of the move in direction of correction is the point when trend will resume.
Regards,
Edward
----- Original Message -----
From: MicroTrends Tom
To: Edwardiz
Sent: Tuesday, April 24, 2012 11:27 AM
Subject: [MicroTrends Help Desk] Re: MT Divergence Indicator
Hi
MT Zone Setting ID: 1 would refer to a stored setting
The stored settings would contain a list of parameters and values that were persisted to a file and then can be recalled by loading the MT Zone Setting I Number it will also have a correlated Name/Description
That is covered in in the online help:
http://help.microtrends.co/common_indicator_properties.htm
If you change the number in the list you would need to then click Apply to see the effect on the chart,
To manually change settings you would need to set
MT Zone Setting ID: = 0
otherwise when you click apply your change swill be overwritten with the retrieved values.
Divergence Filter Study is actually a parameter that controls the indicator behaviour/actions.
Intraday Trend reversal
Based on price bar direction
A 30minute chart
Add the indicator: CurrentDayOHL - So you can see the high and low
Then use MT Zone Setting ID:31
Click apply.
(To modify the settings now you will need to set MT Zone Setting ID=0.)
You will see a momentum study - showing a slow down in direction/trend
http://screencast.com/t/RgJsCD1zO
You can combine the Divergence as a nuance/filter with a trade signal system such as a HI LOW system - which reverses against a trend intraday...
http://screencast.com/t/sd6AuvZ2a
The entry signals from a HILO could actually be exit signals if you were already in the trade etc...
Was the type of scenario you were looking for?
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
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