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Oct 16

Divergence Indicator For NinjaTrader

Divergence Indicator For NinjaTrader
3.4 (67.2%) 50 votes


A very common request I receive for custom indicators and strategies is to include divergence. While divergence is easy for the eyes to see, it can be quite difficult to define in terms that are programmable. The Divergence Indicator for NinjaTrader utilizes a sophisticated algorithm to detect divergence, and eliminates some shortcomings of typical divergence indicators. It can be calculated using ANY indicator that you have in NinjaTrader (ex. RSI, MACD, Stochastic, or any custom indicators).

Divergence Indicator for NinjaTrader

What is Divergence?

The simple definition of divergence is when price is moving in the opposite direction of a given indicator. Typically divergence is calculated using an oscillator type of indicator. Some common indicators used to detect divergence include the MACD, RSI, and Stochastic indicators. The image below shows an example of divergence using the MACD indicator, which is the blue line at the bottom of the chart. The indicator has drawn lines on the price chart connecting lower highs in price. Similarly, the indicator has drawn a line on the MACD chart connecting higher highs. Since price is making lower highs, and the indicator is making higher highs, we have divergence!

Divergence Indicator

Here is another example of divergence, where price is making higher lows and the indicator is making lower lows.

Divergence Indicator

There are 4 possible scenarios that we can use to find divergence:

Regular Divergence

  • Price is making higher highs while indicator is making lower highs
  • Price is making lower lows while indicator is making higher lows

Hidden Divergence

  • Price is making lower highs while indicator is making higher highs
  • Price is making higher lows while indicator is making lower lows

The Divergence Indicator for NinjaTrader will detect all types of divergence listed above, and plot color coded lines to allow you to easily identify different types of divergence.

Additional Features

  • Typical Divergence Indicator’s have a delay of several bars before identifying a divergence pattern. The delay in this indicator is limited to 1 bar!
  • Will calculate based on ANY indicator you have in NinjaTrader (ex. RSI, MACD, or any custom indicator)
  • Filters allow you to easily identify which types of divergences generate the best trading opportunities
  • Email and Audio alert notification of new divergence signals
  • Customizable Plots
  • And More…

No other products compare when it comes to detecting and analyzing divergence patterns in NinjaTrader!

How To Purchase

Purchase a LIFETIME LICENSE for only $199.95. Simply Click the button below to add the item to your cart, then click the “My Cart” link at the top of this page to proceed to the checkout. NO REFUNDS, ALL SALES ARE FINAL!

Available for NinjaTrader 7 and NinjaTrader 8

Users Guide

Click the button below to download the users guide for the Divergence Indicator.

NinjaTrader Divergence Indicator User’s Guide

Additional Information

If you would like more information about our Divergence Indicator for NinjaTrader, please email me at info@freeindicators.com.

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49 comments

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  1. ct1942

    You say “this week only” lifetime licence. Is that for that indicator or ,does that mean all future indicators?

    1. Free Indicators

      It is a lifetime license for this indicator only. At the moment, all of the other indicators on the site are completely free.

  2. Bill Bayer

    Is the divergence indicator available for Tradestation?

    1. Free Indicators

      Unfortunately the divergence indicator is not available for TradeStation at this time. I am hoping to have this available in the next month or so.

  3. Rob

    I would like to know if your divergence indicator will recognize and be able to plot divergences with price with the “Gomi CD” – Cumulative delta indicator- it is a custom widely available indicator that many people have for ninja. Thanks –

    1. Free Indicators

      I have not tried the divergence indicator with the Gomi CD indicator, but as long as the Gomi CD indicator is exposing the values it should work without any issues.

  4. Kingsley

    Hi there, I am interested in this indicator. Do you offer any trial before I commit to buy? Cheers!

    1. Free Indicators

      There is no free trial available for the indicator.

      1. Milby Pickell

        It has been quite a while since you mentioned the 7 day money back guarantee, Does it still apply?

        1. Free Indicators

          There is no 7 day money back guarantee. All sales are final.

          1. Milby Pickell

            That’s too bad about the guarantee. I have a Stochastics Indicator but in one up or down swing, it will produce 15 or 20 signals to the point of making them useless. I need significant swing highs and lows. Is your algorithm any more discriminating?

          2. Free Indicators

            Yes. This indicator contains filters that will allow you to reduce the number of signals. You can read more about the filters in the Users Guide at http://www.mooretechllc.net/Downloads/NinjaTrader/DivergenceIndicatorUsersGuide.pdf

  5. Israel

    Can this be set to give divergence signals on multiple MA’s at once? Can it give signals as simple arrows on the chart? I use other indicators and this would obscure things way too much.

    1. Free Indicators

      The indicator can give signals on multiple indicators at once, but you will have to put multiple instances of the indicator on your chart to do so. The indicator will not currently identify the signals using simple arrows, but if you visit the custom programming link in the menu the indicator can be modified to do so.

  6. Rob

    Can I reference the indicator in a strategy to automatically execute trades?

    1. Free Indicators

      Yes you can

  7. Jose

    Hi!
    You can say what systems you have here for Ninja?
    And see the performance before?

    Thnaks

    1. Free Indicators

      I do not have any systems. Only indicators.

  8. daniel perales

    hi, will be this indicator deliver for ninjatrader 8?

    1. Free Indicators

      The indicator is not currently compatible with NinjaTrader 8, but it will be in the near future.

  9. John

    I notice in the above examples that when price makes an equal high or equal low (double top or double bottom) and there’s divergence in the indicator, your divergence indicator does not flag it as divergence. Can your indicator be configured to look for these double tops and bottoms?

    Also, with NinjaTrader 8 being released soon, will you offer a free upgrade to your divergence indicator so that it will be compatible with Ninja’s new platform?

    1. Free Indicators

      The indicator will detect divergences on double tops and double bottoms. There will be an upgrade to the NinjaTrader 8 version soon, but I do not yet have details on pricing.

      1. John

        Thanks for the quick reply. In your first chart above (the ES on 10/16/2013) there’s a double top between the high at 11:13 and the high at 12:20 but your divergence indicator is not showing the bearish divergence – is this something that can be corrected in the settings of the indicator?

        1. Free Indicators

          I apologize but I misspoke in my prior reply. The indicator will not detect divergences on double tops and double bottoms. As long as there is at least 1 tick difference in the prices, it will detect divergences.

          1. John

            Thanks for the clarification. If you can code double top and double bottom divergences into your NinjaTrader 8 version (or even NT7), please contact me – I’ll be a happy customer!

          2. Free Indicators

            The indicator has been modified to detect divergences on double tops and double bottoms.

          3. Guido

            is it possible with the NT8 ver. of the indicator to filter and to show divergences ONLY when they are occurring , with a + – offset, either at a double top, or at a double bottom, or at a given meaningful level, (for example at a horizontal line, or at a naked POC, evolving POC, or prior day VAH, prior day VAL, evovlving VAH, evolving VAL, prior day high or low, current day high or low, …. )

          4. Free Indicators

            Unfortunately, that is not possible with the indicator.

  10. Chris

    Can this divergence detector be used in market analyzer for scanning the market?

    1. Free Indicators

      Yes. The indicator will output one of five values to the market analyzer window to determine if there is no divergence, bullish hidden, bullish regular, bearish hidden, or bearish regular divergence.

  11. Cliff

    Is this indicator ready for ninjatrader 8 yet?
    15/3/2017

    ( The indicator will detect divergences on double tops and double bottoms. There will be a free upgrade to the NinjaTrader 8 version of the indicator as soon as it is ready May 23, 2016 at 2:17 )

    Thanks

    1. Free Indicators

      The indicator is not ready for NinjaTrader 8 as of yet. But, I do plan on getting it done in the next month or so.

  12. Mehm

    Hi,

    Any update on the version for NinjaTrader 8?

    Thanks

    1. Free Indicators

      Most of the programming is done. I am hoping to have it ready in the next couple of weeks.

    2. Free Indicators

      The indicator is now ready for NinjaTrader 8!!!

      1. Guido

        Is this new indicator ver.NT8 compatible with the Strategy Builder of the platform?

        1. Free Indicators

          Yes it is.

  13. Alex

    On how many computers it can be installed? Thx

    1. Free Indicators

      Each license is good for 1 computer. Additional licenses can be purchased for $99.95 a piece.

  14. Alex

    how is your indicator different for the one available for free for NT7 ?
    thank you

    1. Free Indicators

      I believe there are several that are freely available. To my knowledge, they only work with a single indicator (RSI, CCI, etc.) while mine works with any indicator. Additionally, none of the free ones you find (or the ones you purchase) will identify as many instances of divergence as mine. Mine is using a very sophisticated algorithm compared to others!

  15. Alex

    is it possible to combine for example three indicators RSI CCI and MACD to get only one divergence signal from your indicator?
    thx

    1. Free Indicators

      Unfortunately this is not possible with the current version of the indicator.

  16. Mehm

    Hi,

    You have parameters like “Indicator Angle” and “Price Angle” which are quite smart, but is it possible to create parameter for “Angle between Indicator and Price”? I think that would be super useful.

    Also thanks for finishing the NT8 version, how can we test that and is there anything new in that version?

    Thanks
    Mehm

    1. Free Indicators

      It is possible to add that feature in to the indicator. I will keep this in mind for future versions.

      Please contact info@freeindicators.com if you would like to transfer your license for the indicator to NinjaTrader 8.

  17. Jamie

    Is this indicator still for sale for ninja trader 8? I’m interested in it. But, all of these comments are from 2017 and I want to make sure if I buy this indicator I am going to get it.

    Thanks

    1. Free Indicators

      Yes, the indicator is available for both NinjaTrader 7 and NinjaTrader 8. You can use the same link to purchase either version.

  18. Christian Ogunor

    Hello,

    Are you currently running any promo for your divergence indicator for Ninjatrader 8?

    1. Free Indicators

      There are not currently any promotions being offered for the Divergence Indicator.

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