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Adding Divergence to indicator

#1
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
FTLM.mq4
(9.55 KiB) Downloaded 64 times


Re: Adding Divergence to indicator

#2
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.
FTLM hist arrows alerts mtf 1.01.mq4
(18.53 KiB) Downloaded 80 times
EURUSDM30_20200527a.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: Adding Divergence to indicator

#3
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.
FTLM hist (divergence).ex4
(60.01 KiB) Downloaded 354 times
GBPJPYM15.png

Re: Adding Divergence to indicator

#4
mrtools wrote:
Thu May 28, 2020 5:51 am
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.
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 :)
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Re: Adding Divergence to indicator

#5
mrtools wrote:
Thu May 28, 2020 5:51 am
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.
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.
GBPUSD (FTLM Div).PNG
Hope this make sense.

Once again, thanks.


Re: Adding Divergence to indicator

#6
Jimmy wrote:
Thu May 28, 2020 5:06 pm
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 :)
Thanks for the positive response Jimmy. :thumbup:

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!
:lmao: :Hot:

Re: Adding Divergence to indicator

#7
Cybran wrote:
Fri May 29, 2020 4:53 am
If the bar is wide, take the ride.
When it turns thin, take the win!
:lmao: :Hot:
Hahahaha who taught you that? I'm stealing it :lmao:
Looking for a Forex broker that puts you first? FBS are offering $100 to get you started! Find out more, here.

Re: Adding Divergence to indicator

#8
Jimmy wrote:
Fri May 29, 2020 12:41 pm
Cybran wrote:
Fri May 29, 2020 4:53 am
If the bar is wide, take the ride.
When it turns thin, take the win!
:lmao: :Hot:
Hahahaha who taught you that? I'm stealing it :lmao:
:Rofl:
It is my own saying.
I figured that out through studying the FTLM's histogram

Re: Adding Divergence to indicator

#9
mrtools wrote:
Thu May 28, 2020 5:51 am
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.
can we get mtf and alerts added? thx


Attachments 9
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