When a potential divergence is found a line is drawn between price pivots corresponding to pivots in the oscillator. So for example, if oFastD were selected, oFastK, oFastD, and oSlowD would all be plotted but oFastD would have a greater thickness. Program 62 also plots the oscillator selected by the user and gives a visual indication of which sub-option of the oscillator is being used by varying the width of the plot. In this image oFastD is selected and hence the magenta line is drawn more thick than the other lines. Or, for example, with the commodity channel index (CCI) the user may select one of the following to search for divergence: To search for divergence (see user inputs below). The user may select (by user input) whether to use: For example, with the Stochastic oscillator, the program also looks for divergence between price and the stochastic. Program 62 applied to a 3 minute chart using the CCI option.Īfter selecting an oscillator, the user can choose the option of plotting divergences between price and different outputs from the oscillator. This program does not work with MultiCharts. This is no longer a problem as program 62 uses the new TradeStation drawing objects. There were difficulties with programs 27, 28, 30, and 42, in drawing the divergence lines between pivots because various bars shared the same time stamp. The program, written for TradeStation 9.1 and higher, also works with second, tick, kagi, Kase, line break, momentum, point and figure, range, renko charts.

I have rewritten the program to calculate divergence for any of the above oscillators (selectable by a user input). Program 62 combines the capabilities of programs 27, 28, 30, 42, and 60 in ONE program. Program 62 applied to a EURUSD three line break chart. Moving Average Convergence/Divergence (MACD).Program 62 is a TradeStation indicator developed using EasyLanguage designed to look for potential divergences between price and one of the following oscillators: Some technical analysts believe that bullish and bearish divergences in an oscillator may foreshadow price reversals. Whereas the second oscillator pivot is higher than the first. The second low price pivot (marked with yellow marker) is lower than the first. Still not sure why the app version shows as unverified.Click on any of the following images to see bigger versions.

Below is the code that appears to work fine in TS 9.5 v6. Prior to the TS free app he freely provided the code many times in the forum. Solidus posted quite a bit of code in the community over the years.

Tradestation 9.5 divide by zero error