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Ciao!!
I've seen many times something like this:
LinRegSlope( LinRegSlope(C,20),3); {DLRS for me}
That's good to see divergences with close price so I've used a
modified (by Jose Silva) indicator to find the divergences.
I was interested to make an EXPLORER from the code but I tryied
and I failed!
Some help will be appreciated!! :)
The indicator code is:
{ DLRP-DIV:
Attempt at finding divergences DLRS and Price }
{ User inputs }
thr:=Input("Divergence strength threshold %",0,100,1.5);
pds:=Input("Divergence periods",1,260,20);
ds:= LinRegSlope( LinRegSlope(C,20),3);
dsEma:=Mov(ds,pds,E);
PrcEma:=Mov(C,pds,E);
{ Divergences }
Bull:=If(ds>dsEma
AND ds>Ref(ds,-pds)
AND C<PrcEma
AND C<Ref(C,-pds),
Mov(ds,pds,S)/Mov(ds,100,S),0)
>thr;
Bear:=If(ds<dsEma
AND ds<Ref(ds,-pds)
AND C>PrcEma
AND C>Ref(C,-pds),
Mov(ds,pds,S)/Mov(ds,100,S),0)
>thr;
{ Plot signals }
If(bull=1,bull,If(bear=1,-bear,0));
{ Jose Silva's aid was used }
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