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Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

Bearish Divergence

Bullish Divergence

Bullish and Hidden Bullish Divergences - These Divergences will show up on the bottom of the bars when a Bullish or Hidden Bullish Divergence has occurred. This indicates that selling power is decreasing and indicates a local Bottom has formed where price reversed and started increasing.

Bearish and Hidden Bearish Divergences - These Divergences will show up on the top of the bars when a Bearish or Hidden Bearish Divergence has occurred. This indicates that buying power is decreasing and indicates a local Top has formed where price reversed and started decreasing.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

How to Add an Alert

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Hull

The Hull (Hull Moving Average) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data. Developed by Alan Hull, it is an extremely fast and smooth-moving average that we will refer to as the Hull Band. In fact, the Hull almost eliminates lag altogether and manages to improve smoothing at the same time. Generally speaking, the Hull is used with values between 9 and 18. The lower the value the tighter and more choppy the Hull Band becomes. Conversely, the greater the value the more smooth and less choppy the Hull Band becomes. 

Signal Settings

Style Settings

MAs

The MAs or Moving Averages are Simple Moving Averages (SMAs) that are toggled at different lengths to help guide signals fired by the Hull. The 2 moving averages work on crossing values. So for example, if you have a Fast SMA of 5 and a Slow MA of 8, a signal will fire when they cross and in relation to the Hull as well as any other inputs you have used to generate signals. We recommend using no more than a value of 12 for the Fast SMA length and no more than a value of 26 for the Slow SMA Length. The closer and lower the signal values are the faster the signals will fire and the further the values are and higher the number the more sparse the values will fire. Generally speaking, the default settings are around 5 for the Fast SMA and 8 for the Slow SMA.

Signal Settings

Style Settings

ADX

ADX stands for Average Directional Movement Index and can be used to help measure the overall strength of a trend. The ADX indicator is an average of expanding price range values. Although the Core Signals Indicator has rather low values for the ADX, they can be greatly increased to only fire signals when the Price Action is trending. The ADX acts to smooth the signals and prevent chop by cancelling out signals that are not trending.

Signal Settings

Style Settings

OCC-TSI

OCC is also known as the Open Close Cross indicator is a multipurpose moving average cross indicator that is primarily designed for swing margin trading and scalping cryptocurrencies but can be adapted to a multitude of high volatility assets. This is combined with the TSI also known as the True Strength Indicator. These come with preset values that use Moving Average crossing values combined with our own calculation of the True Strength Indicator. This is used primarily either in combination with the HULL or as a stand-alone calculation to use for Scalping and other fast Price Action trading strategies.

Signal Settings

Style Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Style Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Timeframe Settings

The SR Lines can be adjusted by intensity for each timeframe. First the SR High, Medium, and Low levels can be toggled to be on or off. Then the ATR Length, Multiplier, and Volume Threshold can be individually adjusted to change the frequency of the SR levels and the intensity to which they are plotted. 

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Timeframe Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Trendmaster Divergences

Description

Divergences are an excellent tool when there is a divergence between the current price action and the Relative Strength Index (RSI). These indicators are titled either BD or HBD and will appear either above or below the bars for a total of 4 different types of signals. For a Bullish Divergence (BD below the bar chart) or Hidden Bullish Divergence (HBD below the bar chart) means that price reaches a new low but the relative strength fails to reach a new low, this is indicative of a potential pivot and for the price to increase. Whereas a Bearish Divergence (BD above the bars) or a Hidden Bearish Divergence (HBD above the bars) means that the price reaches a new high but the relative strength fails to reach a new high, this is indicative of a potential pivot and for the price to decrease. Divergences are especially important at the higher time frame as they can with great accuracy predict trend reversals.

How to use

Because Trendmaster Divergences are a lagging indicator they are better used for finding trend changes. The Trendmaster Divergences should be used as a “Compounding Signal”. It is therefore important to look at the overall structure of the chart and for spotting key levels of price reversal including other “Compounding Signals” along with “Primary Signals”.

Settings

The Trendmaster Divergences can be adjusted per time frame and whether or not they are visible and the number of confirmations used for the signal to fire. The number of confirmations will either increase or decrease the quickness to which the signals fire based on the number of bars that have passed. A lower confirmation value means the divergences will appear more quickly and more frequently while a higher value means there will be fewer confirmations that appear less frequently. Trendmaster DIvergences are a lagging indicator and are only confirmed after the fact to strengthen trend shift. The Color of the Divergence Labels can be changed from the default Dark Grey in the “Inputs” section of the Indicator Settings

Indicator Settings

Terms & Conditions