Hi guys

I've recently came across the FTLM indicator on this forum and actually see lots of potential if this indicator is used for divergence detection.
Could someone please be so kind and code the divergence- and hidden divergence detection with arrows and alerts?

Thanks in advance

Regards


Cybran

Cybran wrote: Thu May 28, 2020 4:02 am Hi guys

I've recently came across the FTLM indicator on this forum and actually see lots of potential if this indicator is used for divergence detection.
Could someone please be so kind and code the divergence- and hidden divergence detection with arrows and alerts?

Thanks in advance

Regards


Cybran

Use this new version.
No divergence yet.

Cybran wrote: Thu May 28, 2020 4:02 am Hi guys

I've recently came across the FTLM indicator on this forum and actually see lots of potential if this indicator is used for divergence detection.
Could someone please be so kind and code the divergence- and hidden divergence detection with arrows and alerts?

Thanks in advance

Regards


Cybran

Try this one.

mrtools wrote: Thu May 28, 2020 5:51 am

Try this one.

The divergence signals on this thing are actually quite good, especially on the 4H chart. This code has potential!

Good spotting on the Divergences Cybran & thanks Mrtools for adding the Divergences bro

mrtools wrote: Thu May 28, 2020 5:51 am

Try this one.

Many thanks MrTools. Appreciate your quick feedback and assistance in this regard.
Indicator has even a couple of more functions than what I've asked for.

I have one other question though.
It seems like the divergence only works with the previous peak / trough.
Can it be made to look back a n- number of peaks/troughs OR perhaps take the latest highest peak and lowest trough for divergence till that specific peak/trough value is surpassed? (The peaks/troughs in the histogram window I'm talking about)
By doing so it will give a few more solid signals as well as the massive move in GBPUSD experienced in March.
See my chart for better clarity perhaps.
Hope this make sense.

Once again, thanks.

Jimmy wrote: Thu May 28, 2020 5:06 pm

The divergence signals on this thing are actually quite good, especially on the 4H chart. This code has potential!

Good spotting on the Divergences Cybran & thanks Mrtools for adding the Divergences bro

Thanks for the positive response Jimmy.

Once a trade is taken, one can get out on the 1st opposite bar change of the histogram.
If the bar is wide, take the ride.
When it turns thin, take the win!

Cybran wrote: Fri May 29, 2020 4:53 am If the bar is wide, take the ride.
When it turns thin, take the win!

Hahahaha who taught you that? I'm stealing it

Jimmy wrote: Fri May 29, 2020 12:41 pm

Hahahaha who taught you that? I'm stealing it

It is my own saying.
I figured that out through studying the FTLM's histogram

mrtools wrote: Thu May 28, 2020 5:51 am

Try this one.

can we get mtf and alerts added? thx

alblive wrote: Sun Jun 14, 2020 5:23 pm

can we get mtf and alerts added? thx

Alerts for?