|Trading Style:||Divergence / Pairs Trading|
|Market:||Any (Stocks, Futures, Forex, Options...)|
|Time Frame:||Any (Tick, Minute, Daily, Weekly...)|
|Guarantee:||30 Day Money Back Guarantee|
Fixed Length Divergence Indicators for TradeStation
Divergences occur when two values, typically market prices and an associated indicator, move in opposite directions. Fixed length divergences are measured between a predetermined number of bars. A bullish divergence occurs when prices move lower while the indicator moves higher over the same number of bars. And a bearish divergence occurs when prices move higher while the indicator moves lower over the same number of bars.
We have developed a set of TradeStation indicators that can be used to identify fixed length divergences by comparing market prices over X number of bars and comparing them against any indicator available in TradeStation easylanguage, including custom indicators you may have programmed yourself. In addition to detecting last divergences the fixed length divergence indicators can also search for, and alert you to, divergences as they develop on the current bar in real-time.
100% Money Back Guarantee
You can try these TradeStation indicators for 30 days risk free and evaluate them for yourself. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.
The chart below shows the fixed length divergence using a 10 bar setting while comparing KO with an RSI indicator.
The intraday chart of AAPL has a fixed length divergence showme indicator which is using the CCI indicator to detect divergences.
Our fixed length divergence indicators have been designed to be flexible and include multiple settings but most importantly are not limited to a specific market or indicator. You can use our fixed length divergence indicators to detect divergences with MACD, RSI, stochastic or any other indicator available in TradeStation EasyLanguage, even custom indicators. You can also use our divergence indicators to detect divergences between two markets if you wish. Particularly useful for pairs traders
You can detect divergences using any market price, like the high or low, not just the closing price. You can also adjust the number of bars used when measuring divergences.
Each fixed length divergence indicator comes with the option to set a minimum requirement for both price and indicator values. Using these options you can filter out weak divergences, like when prices have only fractionally decreased when an indicator has risen over the same number of bars. While technically this setup could be called a bullish divergence the minor increase in price would deter most traders from giving much attention to this divergence. By using the minimum requirements you can automatically discard weak divergences and focus on stronger fixed length divergences.
In addition to the trend line divergence indicators the fixed length divergence indicators are also provided in the form of TradeStation showme indicators.
When applied to a RadarScreen the fixed length divergence indicator provides extra information in additional to displaying the current market and indicator values.
Standard Indicator Features
TradeStation EasyLanguage Functions
All our indicators are provided in the form of a TradeStation EasyLanguage function. Easylanguage functions allow you to incorporate our indicators as part of your own TradeStation strategies and indicators.
You should expect to receive your order within 1 working day via email.
|100% Money Back Guarantee
These TradeStation indicators come with a 30 day money back guarantee. During the first 30 days after purchasing these indicators you can use and evaluate these indicators as much as you like. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.
Continued Support and Updates for a Minimum of 12 Months
All our products include full support and updates for at least 1 year so if you have any problems or require any additional information you can contact us for assistance.
If you have any questions about this, or any other product we offer, please contact us.
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