TMACD Divergence

[Apprentice]

This is the first usable version.
Although it has its shortcomings, this is a more advanced version, so far.

We are working on advanced, easy to use algorithms.

TMACD Divergence.lua

(7.36 KiB) Downloaded 1810 times

MT4/MQ4 version.
viewtopic.php?f=38&t=64547

[mennzz]

Wow, It's getting better and better... Can't wait for the full version...
Thanks so much! Hope it will give amazing signals...

Kind Regards

[Apprentice]

Update.
We are almost there.
I have yet to add some additional options.

[mennzz]

!Wow! Now were really talking! Thanks so much!

[hanscf]

Can you please explain how to use this indicator? And how it works?
Is it a lagging indicator? Do the buy/sell signals appear a few bars after the current bar?
Thanks!!

[Apprentice]

Divergences signal a potential trend reversal or can be used as a possible sign for a trend continuation.

In this case, detects, break point of the current trend.
Meaning trend change is possible, not certain.

Because of the way, that the divergence it reveals itself, an indicator must lag in the calculation.
But when trading divergence usually talk about the movement of prices in the future.

[dimitristzan]

Is it possible to have the calculation algorithm of TMACD? I would like to use it in another language (java) but i cant find anywhere the way to calculate this indicator
Thank you

[sunshine]

Is it possible to have the calculation algorithm of TMACD? I would like to use it in another language (java) but i cant find anywhere the way to calculate this indicator
Thank you

You can find the calculation algorithm of TMACD here:
Triangular Moving Average Convergence/Divergence (TMACD)

[dimitristzan]

Thank you for your quick answer. You helped me a lot.

[cruiser]

Thanks so much for this indicator.Can we have a signal for this as well?