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 indicators for TradeStation 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.
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You can try these indicators for 30 days risk free and evaluate them for yourself within TradeStation. If after purchasing these indicators you decide they are not right for you just let us know within 30 days for a full refund.
Screenshots
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.
Additional Information
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 a 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.
The radarscreen above shows the fixed length divergence indicator identifying real-time divergences as they form.
Standard Indicator Features
EasyLanguage Functions for TradeStation
All our indicators are provided in the form of an Easylanguage function. Easylanguage functions allow you to incorporate our indicators as part of your own strategies and indicators within TradeStation.
Delivery
You should expect to receive your order within 1 working day via email.
100% Money Back Guarantee These TradeStation compatible 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. |
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Disclaimer
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