|
PureBytes Links
Trading Reference Links
|
> Good evening,
>
> I think this question was 10x on the list but maybe one kind soul will
> answer.
> Is there any kind of indicator which will show divergence between
price and
> maybe RSI or MACD histo...?
> Any hint would be appreciate even if its total useless
>
> Thanks Laura
>
Laura,
a pretty good one i came across some time ago.
regards
michael
{*******************************************************************}
Input:OSC(slowkclassic(5,
3)),Mingap(3),MaxOfset(3),OscDif(.01),PrcDif(1),MinPeak(30),
MinPeak2(30),MaxVal(70),MaxVal2(70),MaxNum(10);
Array:OscH[51](0),OscHBar[51](0),OscL[51](0),OscLBar[51](0);
Var:OscVal(0),LastH(0),LastL(0),Loop(0),FoundH(0),FoundL(0),
StrtBar(0),EndBar(0),StrtVal(0),IncVal(0),NewPeak(false),NewVal(false),
LastPeak(0),LastVal(0),EndVal(0);
{MaxOfset - Number of bars away (in price chart) from corresponding peak
or valley in Stochastic that is allowable and still
considered valid
Zero - tight, will produce fewest trades, the greater the
number,
the more trades that will be generated.
MinGap - Minimun number of bars needed between peaks or valleys.
OscDif - Minimum difference needed between points of Stochastic in
order to be greater or less than.
PrcDif - Minimun number of points between highs or lows of bars in
order to be greater or less than.
MinPeak - The minimum value needed for the first peak (of the
stochastic)
MaxVal - The Maximum value allowed for the first valley (of the
stochastic)}
{Record current values of oscilator in OscH and OschL arrays. If we
come to a peak or valley, start a new entry. Set up as a stack,
most
recent entry is element 1, older entries have higher numbers. }
OscVal = OSC;
NewPeak=false;
NewVal=false;
{look for peak in Stochastic}
If barnumber > 2 and LastH > 0 then
begin
if OscH[1]-OscVal>=OscDif and OscH[1] - OscVal[2]>=OscDif then
begin
{found new peak}
LastH = Minlist(LastH+1,MaxNum);
NewPeak = true;
for loop = LastH downto 2
begin
OscH[Loop] = OscH[Loop-1];
OscHBar[Loop] = OscHBar[Loop-1];
end;
end;
end ELSE LastH = 1; {first entry}
{Capture and *save values}
OscH[1] = OscVal;
OscHBar[1] = BarNumber;
{Look for valley in Stochastic}
if barnumber>2 and LastL > 0 then
begin
if NewPeak = false then
begin
if OscVal-OscL[1]>=OscDif and OscVal[2]-OscL[1]>=OscDif then
begin
{Found new valley}
LastL = minlist(LastL+1,MaxNum);
NewVal = true;
For Loop = LastL downto 2
begin
OscL[Loop] = OscL[Loop-1];
OscLBar[Loop] = OscLBar[Loop-1];
end;
end;
end;
end ELSE LastL = 1; {first entry}
{Capture and save values}
OscL[1] = OscVal;
OscLBar[1] = BarNumber;
{Look for the first part of a sell divergence, the second stochastic
peak is
Lower than the previous stochastic peak by one full % point. Also,
the first peak has to
be >= the MinPeak value. Take the first occurance}
if NewPeak or barnumber-OscHBar[2] <= MaxOfset then
begin
FoundH = 0;
for loop = 3 to lastH
begin
if FoundH=0 and (OscH[loop]-OscH[2]>=1) and
OscHBar[2]-OscHBar[loop]>=MinGap
and OscH[loop]>=MinPeak and
OscH[2]>=MinPeak2
then FoundH = Loop;
{ negative slope}
end;
if foundH > 0 then
begin
{FOUND FIRST PART OF SELL DIVERGENCE, CHECK PRICE BARS FOR
MATCH}
StrtBar = RB_CheckPeak(OscHBar[FoundH],MaxOfset,PrcDif);
EndBar = RB_CheckPeak(OscHBar[2],MaxOfset,PrcDif);
StrtVal = high[StrtBar];
EndVal = high[EndBar];
If StrtBar > 0 and EndBar > 0 and EndVal >= StrtVal and
StrtBar - EndBar >= MinGap then
begin
{Found match, have true Divergence}
{ if OscHBar[2]<>LastPeak then }
if EndVal = StrtVal then IncVal = 0 else
IncVal = (EndVal-StrtVal)/(StrtBar-EndBar);
value2 = 0;
for value1 = StrtBar downto EndBar
begin
Plot1[value1](StrtVal+value2*IncVal,"SDIVERG");
value2 = value2 + 1;
end;
{ LastPeak = OscHBar[2]; }
end;
end;
end;
{Look for the first part of a buy divergence, the second stochastic
valley is
Higher than the previous stochastic Valley by one full % point.
Also, the first valley
has to be<=the MaxVal value.Take the first occurance}
if NewVal or barnumber-OscLBar[2] <= MaxOfset then
begin
FoundL = 0;
for loop = 3 to lastL
begin
if FoundL=0 and (OscL[2]-OscL[Loop]>=1) and
OscLbar[2]-OscLBar[loop]>=MinGap
and OscL[loop] <= MaxVal and
OscL[2]<=MaxVal2
then FoundL = Loop;
{ positive slope}
end;
if foundL > 0 then
begin
{FOUND FIRST PART OF BUY DIVERGENCE, CHECK PRICE BARS FOR
MATCH}
EndBar = RB_CheckValley(OscLBar[2],MaxOfset,PrcDif);
StrtBar = RB_CheckValley(OscLBar[FoundL],MaxOfset,PrcDif);
StrtVal = low[StrtBar];
EndVal = low[EndBar];
if StrtBar>0 and EndBar>0 and EndVal <= StrtVal and
StrtBar - EndBar >= MinGap then
begin
{Found match, have true Divergence}
{ if OscLBar[2]<>LastVal then }
if EndVal = StrtVal then IncVal = 0 else
IncVal = (StrtVal-EndVal)/(StrtBar-EndBar);
value2 = 0;
for value1 = StrtBar downto EndBar
begin
Plot2[value1](StrtVal-value2*IncVal,"BDIVERG");
value2 = value2 +1;
end;
{ LastVal = OscLBar[2]; }
end;
end;
end;
{******************************************************************}
|