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AutoDiv™ Universal Divergence Tool

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Our Price: $395.00
 
Platforms:

Ninja Trader

Tradestation

MultiCharts

Description:

When an oscillator valley is shallower than its predecessor while the price corresponding to the most recent oscillator valley is lower than the price corresponding to the previous oscillator valley, a "normal" diverging condition has occurred which generally signals an imminent price reversal to the upside.

Conversely, when a oscillator peak is lower than its predecessor while the price corresponding to the most recent oscillator peak is higher than the price corresponding to the previous oscillator peak, a "normal" converging condition has occurred which generally signals an imminent price reversal to the downside.

A "Type 2" divergence occurs when an oscillator valley is deeper than its predecessor while the price corresponding to the most recent oscillator valley is higher than the price corresponding to the previous oscillator valley or when an oscillator peak is higher than its predecessor while the price corresponding to the most recent oscillator peak is lower than the price corresponding to the previous oscillator peak.

The AutoDivTM Divergence Detector, which is considerably superior to the TradeStation Technologies for TradeStation "canned" divergence study, generates a signal in the form of a colored dot above or below the price when a divergence indicators will clearly identify most significant price trend turns.

An oscillator low with a STRENGTH input of 1 will have at least one adjacent higher bar to the left and one adjacent higher bar to the right of it. If the STRENGTH input is set to 3, then the oscillator low must be lower than the preceding three bars and the following 3 bars. The divergence dot is plotted on the bar where the divergence is confirmed, (i.e. 2 bars after the swing high/low for a STRENGTH of 2).

A "Trend" or "Type II" divergence occurs when an oscillator valley is deeper than its predecessor while the price corresponding to the most recent oscillator valley is higher than the price corresponding to the previous oscillator valley, or when an oscillator peak is higher than its predecessor while the price corresponding to the most recent oscillator peak is lower than the price corresponding to the previous oscillator peak. Trend divergences were popularized by Connie Brown.

The AutoDiv 2TM Divergence Detector generates a signal in the form of a colored dot above or below the price when either a Pivot or Trend divergence condition exists between price and any oscillator for which a User Function is available.

Podcast on Divergence
Click here for the accompanying PDF and read along.

To learn more, watch this video

  • The Arps Auto Divergence Indicator


 

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

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