Special Offer
Upon purchasing this indicator, you will receive Alert Sound Maker ($146 worth) as a FREE gift.
Are you looking for a robust RSI divergence indicator for NinjaTrader 8? We have one! And wonderfully, it is not only compatible with RSI, but also with any other oscillator of your choice! We are excited to introduce Divergence Engine$ - our AMAZING NinjaTrader divergence indicator that catches REGULAR divergences, which signal potential trend reversals. As for hidden divergences, please check out its brother: Divergence Hidden$.
This is a UNIVERSAL solution to regular divergence trading. Divergences can be identified by comparing price action and an oscillator of your choice. Yes, you can freely use this NinjaTrader divergence indicator with RSI or MACD, stochastic, CCI... Any indicators, from any vendors! That's why the indicator name is "Engine$", just like an engine that can be installed in any cars. Upon purchasing this indicator, you will receive a Trader Manual with step-by-step instructions to help you select any oscillator of yours for divergence identification.
How does Divergence Engine$ work? Let’s take an example in which we use RSI with our NinjaTrader 8 divergence indicator to identify bullish and bearish regular divergences:
- Bullish regular divergence: the RSI oscillator makes a higher low while the price makes a lower/equal low.
- Bearish regular divergence: the RSI oscillator makes a lower high while the price makes a higher/equal high.
With its dedicated NinjaScript signals, Divergence Engine$ can be used in Market Analyzer to scan tens or even thousands of instruments at the same time for divergence signals. Let's imagine how it can save you time and effort in monitoring multiple markets and searching for profit opportunities from trend reversals.
The "Lookback" feature allows you to scan up to 10 latest swing points for divergence patterns. “Lookback” comes with minimum & maximum definitions so that you can specify a lookback range of your favorite. For example, you only wish to scan for divergences that are based on at least 3 latest swing points and at most 5 latest swing points. We had to use a very sophisticated algorithm in order to program this feature.
Features
Key features:
- Allow choosing ANY oscillator for REGULAR divergence identification
- Allow configuring swing point's neighborhood for price & plot
- Allow configuring minimum & maximum swing points for lookback
- Allow customizing the color & visibility of price/plot swing points
- Allow customizing the styles of price/plot divergence lines
- Highlight chart background to show divergence regions
- Trigger alerts on divergence appearance
- Print markers on divergence appearance
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_Divergence: 1 = bullish divergence, -1 = bearish divergence, 0 = no divergence, 99 = both divergence
- 15 Dec 2020 - The indicator was re-exported to be compatible with recent changes of the platform.
- 30 Sep 2020 - Massive changes, fixes, and improvements were made (DPI, display name, Z order, alert properties, marker string, chart info, property naming/positioning/grouping); alert popup was visually enhanced.
- 10 Apr 2020 - A minor change was made.
- 18 Mar 2020 - The "Lookback" feature was added to allow scanning up to 10 latest swing points for divergence patterns.
- 25 Feb 2020 - The indicator was released (build new).
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