MT DIVERGENCE INDICATOR

QUESTION

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.

ANSWER

It will work for Forex, Stocks, Futures all the same.

MT NinjaTrader Framework - Settings and Workspaces
During installation you can elect to install workspaces, templates and settings.
It looks as if this has been removed or the settings were not installed.

To re-install simply run the installer again and make sure you check install all options

Just run the installer again - agree to all options:
http://www.micro-trends.co.uk/ninjatrader-downloads/

direct link
http://downloads.microtrends.co/MTNTF7-Setup.exe
You do not have to re-import the NinjaScript assembly into NinjaTrader. again

Using MT Divergence Indicator

It does not matter which asset type you are using, Forex or Futures, Equities etc

Open a chart - maybe a 30minute AAPL
Add the indicator from the list:

Please see the following 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:

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

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.

N.B Start with #1 and see if it makes sense, then try #2 etc then if you want try both together add them.. .e.g #3

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

WORKSPACES
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 change the instrument on the chart -ie set it to AAPL

Control Center > File > Workspaces > Open > MT Divergence

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

Please let us know if you require more assistance

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