DIVERGENCE INDICATOR

Originally from ticket #2354.

1 - I bought the divergence indicator but have the whole framework – how do I remove it. All I want is the divergence indicator.
2 - Can you send me some explanations of what all the arrows and blocks mean.

Thanks, Lonnie

The MT divergence indicator is part of the MT Framework - 1 download which consists of all the Indicators and strategies - going fowards it will be broken into seperate indicators and strategies.

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

Video:
http://screencast.com/t/hX90LzBBi

You can if wish cycle through some of the presets list in MT Zone Settings 0 to 30
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

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