DivergencesPRO

Truly. The last divergence tool you will ever need. Tap into the power of divergence with the software that does it best.


Intro - Part I

Intro - Part II

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An Exciting Innovation for Retail and Professional Traders Alike

Over the past several months, we have subjected our DivergencesPRO software to a complete overhaul of its core systems and methods. We wanted to ensure the end-user would have the most exceptionally accurate divergence solving algorithm of the utmost quality and dependability. We also wanted the option of using an instrument as the Divergence Input, instead of being limited to using Indicators only. And we wanted a much more streamlined user experience. So, we redesigned with these things in mind, and are proud to announce this monumental update is finally ready for release!In version 4.3, we can now solve for Divergence between any instruments! Of course, we can still automate Regular and Hidden Divergence detection, in real-time, between price and absolutely any other indicator, but having the ability to select another instrument as DivergencesPRO's input has been quite an extraordinary and valuable accomplishment.

Some of the possible instrument comparisons:

  • U.S. Equities Indices/Futures and any "Market Internals" index (the ^TICK index, ^TICKDJ, ^TICKQ, or ^ADD (Advance-Decline Line), etc.
  • Individual stocks with their respective sector/ETF or industry
  • Same based FOREX pairs to compare strength/weakness around potentially major turning points
  • Any other set of Futures, Stocks, or Indices
  • We can even take signals from other charts and import them into BloodHound on another chart using the signal “Reader” indicator which accompanies DivergencesPRO.

Recent Updates to DivergencesPRO

  • New input selection system, allowing for the divergence input to be selected from within DivergencesPRO, rather than accessing an input that's separately loaded on the chart
  • New input support for other instruments, not just other indicators!
  • Reworked the swing trend system to include a distinction between minor, intermediate, and major swingpoints and trends
  • New divergence trigger system using the new swing trend system to allow more complete control of the confirmation used to confirm a divergence signal
  • New toolbar button that allows for on-the-fly changes to the graphical properties of DivergencesPRO
  • DivergencesPRO will now trigger divergence signals in real-time, intra-bar
  • Reworked alert system to allow easier handling of sound files and multiple email addresses
  • New average range option for divergences
  • New initial and end swing type filters
  • Reworked indicator presets
  • Many other core system fixes and performance improvements
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Additional Features

  • DivergencesPRO_Reader Indicator: Ability to send the Divergence signals from ANY chart into into the Market Analyzer, BloodHound or BlackBird without having to load those charts/timeframes or DivergencesPRO. This is a huge CPU saver! We can now load 20+ instances of the DivergencesPRO_Reader indicator into BloodHound or the Market Analyzer, reading the signals from 20 different charts, without slowing NinjaTrader or BloodHound down at all! A template with 20 different instances of the Reader loads in less than 2 seconds! This opens the door to some very advanced Multiple-Time-Frame analysis in BloodHound/BlackBird and NinjaTrader. 
  • Solves for Divergence between Price and ANY Indicator:  Load the indicator you wish to use onto the chart, then load DivergencesPRO and select your indicator from a drop-down menu inside the DivergencesPRO.
  • Solves for both Regular (Type I) and Hidden (Type II) Divergences (New Signals have been added in this latest release!):
    • DoubleRegularDivergence - Two consecutive regular divergence signals - options to choose whether momentum must be waning more at second signal.
    • TripleRegularDivergence - Three consecutive regular divergence signals - options to choose whether momentum must be waning more at the second and third signals.
    • HiddenToRegularDivergence - A Regular Divergence signal immediately following a broken Hidden Divergence Signal.
    • DoubleHiddenToRegularDivergence - A Double or Triple Regular Divergence signal immediately following a broken Hidden Divergence Signal.
  • All Signals are divided into "Setups" and "Triggers":
    • Setups = Divergence Potential - These are found in real-time (as the price bars update). No "back-painting" (does not draw in the divergence signal several bars after it has occurred, and does not go back and remove bad signals)
    • Triggers = Confirmed Divergence - There are 6 different Trigger Types:
      • Oscillator_Turn - (On Close of Bar) Plots confirmation arrow once the oscillator has turned in favor of the signal and price has moved a user-defined % of the ATR value (X% of the average size of the past 200 bars) 
      • Weak_Thrust - (On Close of Bar) Plots confirmation arrow once a WeakThrust bar closes in favor of the signal and price has moved a user-defined % of the ATR (average-true-range)
      • Strong_Thrust - (On Close of Bar) Plots confirmation arrow once a StrongThrust bar closes in favor of the signal and price has moved a user-defined % of the ATR
      • Minor_Confirmation - (In Real-Time - Intra-bar) Plots confirmation arrow once a new Minor Swing is found in favor of the signal
      • Intermediate_Confirmation - (In Real-Time - Intra-bar) Plots confirmation arrow once a new Potential Intermediate Swing is found in favor of the signal
      • Fib_Retracement - (In Real-Time - Intra-bar) Plots confirmation arrow once price has retraced a user-defined % of the prior price swing that makes up the divergence setup
  • SwingTrend Indicator Built-in - Finds 3 types of swings: 
    • MinorSwings, IntermediateSwings, and MajorSwings
    • All swings are found in Real-Time and confirmed in Real-Time
    • Each side (high and low) is found independently from the other side (not a ZigZag) enabling a higher degree of accuracy
    • Building these different Swing Types allows us to further develop fine-tuning filters to specify what is allowed to pass or not pass as a signal (The lack of these features in all other divergence algorithms is the main reason why they have such inaccurate signals) 
      • Initial Swing Type: Ability to choose which type of swing must be at the origin of the signal
      • End Swing Type: Ability to choose which type of swing must be at the end of the signal
      • Max Swing Count: Ability to set a maximum number of swings between the start and end of the signal
  • Several other Filters and Parameters to specify the exact look to the signals found
  • Presets for the type of oscillator being used: Allows the user to choose default settings for a number of different oscillators (RSI, NormalizedMACD, TSI, Stochastics, BalancedMomentum...)
  • Z-score rescaling - Allows the user to load ANY oscillator into DivergencesPRO and keep the same exact settings for ANY instrument, chart-type, chart-period or Indicator. This is achieved via the use of a built in Z-Score algorithm which changes the scaling of the oscillator into Standard Deviation values above and below the mean (0). This also allows the application of overbough/oversold levels to unbounded oscillators, which until now, had to set manually for each instrument/chartype/period/indicator. 
  • Audible and Email Alerts: Email alerts are using our own server to send the emails, so nothing has to be setup! Just enter your email and "voi-la".
  • Screenshot-to-Email Alerts: Ability to also send yourself a screenshot of the chart the alert is fired from! You can also save the screenshots automatically to a user-defined folder.