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Differential & Normalised Divergence indicators
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=4435
Forum: 17 · Topic 4435 · 3 post(s)
Differential & Normalised Divergence indicators
Alexander.Gettinger · Mon May 23, 2011 3:19 am
Inquiry for these indicators has entered me on mail.
Formulas: Differential[i]=Price1[i]-Price2[i], if AsPercentage=false or Differential[i]=(Price1[i]-Price1[i-1])/Price1[i]-(Price2[i]-Price2[i-1])/Price2[i], where Price1 is a price of instrument 1 and Price2 is a price of instrument 2.
Normalised Divergence[i]=(Price1[i]-Price2[i]-Avg(Price1-Price2))/StDev(Price1-Price2), where Avg is a average for range form [i-AveragePeriod] to [i] and StDev is a standard deviation for range form [i-AveragePeriod] to [i].
Download Differential indicator:
Download Normalised Divergence indicator:
Normalised_Divergence_Indicator.lua
The indicator was revised and updated
Re: Differential & Normalised Divergence indicators
Showman · Tue May 24, 2011 6:55 pm
Thank you for your endeavours
Re: Differential & Normalised Divergence indicators
Apprentice · Sun Mar 12, 2017 6:02 pm
Indicator was revised and updated.