The Hidden Divergence Indicator Set for TradeStation

The Hidden Divergence Indicator Set for TradeStation

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Available for TradeStation 8.x
&
TradeStation 2000i (TS2000i)

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Divergences occur when two values, typically market prices and an associated indicator, move in opposite directions. Divergences are measured between swing/pivot points in price. A bullish hidden/reverse divergence occurs when low swing points in price move higher while the indicator moves lower over the same time period. And a bearish hidden/reverse divergence occurs when high swing points in price move lower while the indicator moves higher over the same time period.

We have developed a set of TradeStation indicators that can be used to identify hidden/reverse divergences by automatically detecting swing highs and lows in market price and comparing these prices against any indicator available in TradeStation easylanguage, including custom indicators you may have programmed yourself. In addition to detecting hidden divergences between price swing points the divergence indicators can also search for, and alert you to, hidden divergences as they develop on the current bar in real-time.

We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.

Below are a couple of examples of one of the hidden divergence indicators being applied in TradeStation. The first is a chart taken from TGT and shows hidden divergences (yellow = bullish divergences, red = bearish divergences) that occurred with a 14 bar CCI indicator, which if followed by an intraday chart of the S&P 500 e-mini that has an RSI based divergence indicator installed.

TGT chart with CCI and hidden divergence TradeStation indicator.

S&P 500 e-mini 5 minute intraday chart with RSI and hidden divergence TradeStation indicator.

You can find more chart examples further down this page.

Key Features

All the indicators provided in the TradeStation hidden divergence indicator set have a number of different inputs allowing you to easily adjust each indicator to suit your personal requirements. Here are some of the advantages offered by this indicator:

• Adjustable price and swing settings for finding swing highs and lows for identifying divergences.
• Compatible with any indicator available in TradeStation easylanguage, including custom indicators.
• Set minimum requirements for price and indicator divergences.
• TradeStation indicators provided for finding both regular hidden divergences and real-time hidden divergences.
• Additional radarscreen information.
• Indicators also provided as functions.

In addition to the indicators which draw hidden divergence trendlines on your charts the indicators are also provided as TradeStation showme indicators. The hidden divergence indicators can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find markets currently diverging.

Adjustable price and swing settings for finding swing highs and lows for identifying divergences.

Detecting price divergences is not restricted to the closing price. You can find divergences based on the high or low, or from average prices like (high + low)/2. You can also adjust the sensitivity required to detect price swing points.

Compatible with any indicator available in TradeStation easylanguage, including custom indicators.

To provide maximum flexibility when using these reverse divergence indicators they have been designed to allow you to use any indicator available in TradeStation easylanguage while searching for reverse divergences. You can also use these indicators to find reverse divergences between two markets, useful for pairs trading.

Set minimum requirements for price and indicator divergences.

Each hidden divergence indicator comes with the option to set a minimum requirement for both price and indicator values. Using these options you can filter out weak divergences, like when prices have only fractionally increased when an indicator has fallen over the same period. While technically this setup could be called a bullish hidden divergence the minor increase in price would deter most traders from giving much attention to this divergence. By using the minimum requirements you can automatically discard weak divergences and focus on hidden divergences that appear stronger.

TradeStation indicators provided for finding both regular hidden divergences and real-time hidden divergences.

Contained within this divergence indicator set for TradeStation are indicators for finding regular hidden divergences that occur between price swing points. Also included are divergence indicators that can be used in real-time to find hidden divergences between the current bar and a previous price swing point allowing you to take advantage of hidden divergences early.

Additional radarscreen information.

When applied to a TradeStation radarscreen the hidden divergence indicators can be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the hidden divergence indicators provides extra information about each market within a radarscreen. The components of the S&P 100 have been inserted into a radarscreen below which has a hidden divergence indicator applied.

A real-time hidden divergence indicator applied to a radarscreen.

As well as displaying the value of the current price being used to find divergences and the accompanying indicator, the hidden divergence indicator provides 4 additional columns of information within a TradeStation radarscreen.

Type - displays whether the current divergence is bullish or bearish.

Bar Origin – shows how many bars ago the current divergence started.

Price % - displays the current percentage change in prices from the price recorded at the start of the divergence.

Indi % - displays the current percentage change in the indicator from the indicator value recorded at the start of the divergence. You also have the option to display the actual change in the indicator value rather than the percentage change if you wish.

Indicators also provided as functions.

In addition to providing the divergence indicator in standard indicator form and showme indicator form, the indicator is also supplied as regular and real-time functions enabling you to incorporate the divergence functions into your own indicators and trading strategies.

Continued Support and Updates for a Minimum of 12 Months

All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.

If you have any questions about this, or any other product we offer, please contact us.

Free Fixed Length Divergence Indicators

To increase the potential for finding divergences we are including a free set of fixed length divergence indicators. Unlike the hidden divergence indicators which search for divergences based upon price swing points, these indicators use a fixed number of bars (adjustable by the user) to search for divergences. You can find more details about this indicator by visiting my ebay store.

More Chart Examples of the Hidden Divergence Indicators

This chart of T uses RSI to find hidden divergences. Using the hidden divergence indicator to find divergences between different swing points can lead to stronger price reversals, like when a divergence originates from the same bar for two consecutive swing points as shown in the chart above.

In the chart of WMB above we have included 2 of the showme hidden divergence indicators. The red and yellow divergence dots are indicating bearish and bullish hidden divergences respectively with %R and the cyan and magenta dots are indicating bullish and bearish hidden divergences with RSI. Using multiple hidden divergence indicators, each using different indicators to find divergences, we can find bars with a collective of hidden divergence signals on the same bar, which can lead to stronger price reversals.

The hidden divergence indicators can be applied to find divergences in areas other than just standard indicators. The example above uses a hidden divergence indicator to find divergences between AAPL and the NASDAQ 100 index, useful for pairs trading.

The QCOM chart above shows a real-time hidden divergence indicator which indicates hidden divergences as they occur in real-time, but can also display divergences for previous bars where a real-time hidden divergence was active at the close. Also included as part of the hidden divergence indicator set for TradeStation is a hidden divergence indicator that plots a sub-graph showing the change in prices and the indicator being used to measure divergences and is also included in the QCOM example above. This indicator displays the value for all real-time hidden divergences.

The example above was taken from an intraday chart of the AUDUSD forex market and illustrates a series of bearish hidden divergences as they form during a bearish trend in the forex market. These hidden divergences were measured against the stochastic indicator.

Available for TradeStation 8.x and TradeStation 2000i (TS2000i)

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