Divergences SMI and CCI
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I was inspired by the “Another RSI Divergence Indicator by Nicolas. The same idee has applied to the SMI and to the CCI indicators.
OverboughtLevel are not 70 and 30 RSI but 40 and -40 for SMI and 100 and -100 for CCI. And as you can see the RSI is replaced by the SMI and the CCI respectively. // Settings for SMI Divergence obLevel=40 //overbought level osLevel=-40 //oversold level minimalBars=5 //minimal count of bars where CCI is ob or os // End of settings iSMi =SMI[14,3,5](close) ob = iSMi>obLevel os = iSMi<osLevel if ob then if not ob[1] then maxSMi = 0 maxprice = 0 firstobbar = barindex endif maxSMi=max(maxSMi,ISMI) maxprice=max(maxprice,high) if maxSMi<>maxSMi[1] then maxSMibar=barindex endif endif if os then if not os[1] then minSMi = 100 minprice = close*100 firstosbar = barindex endif minSMi=min(minSMi,ISMI) minprice=min(minprice,low) if minSMi<>minSMi[1] then minSMibar=barindex endif endif divsell=0 if ISMI crosses under obLevel then //verif divergence div = maxprice>oldmaxprice and maxSMi<oldmaxSMi and (barindex-firstobbar)>=minimalBars if div then drawsegment(oldmaxSMibar,oldmaxSMi,maxSMibar,maxSMi) coloured(200,0,0) drawarrowdown(maxSMibar,maxSMi) coloured(200,0,0) DRAWVLINE(barindex)coloured(200,120,0,255) divsell=osLevel endif oldmaxSMi = maxSMi oldmaxprice = maxprice oldmaxSMibar = maxSMibar endif divbuy=0 if iSMI crosses over osLevel then //verif divergence div = minprice<oldminprice and minSMi>oldminSMi and (barindex-firstosbar)>=minimalBars if div then drawsegment(oldminSMibar,oldminSMi,minSMibar,minSMi) coloured(0,120,200) drawarrowup(minSMibar,minSMi) coloured(0,120,200) DRAWVLINE(barindex)coloured(0,120,200,255) divbuy=osLevel endif oldminSMi = minSMi oldminprice = minprice oldminSMibar = minSMibar endif return iSMI style(line,2) as "SMI",obLevel coloured(168,168,168) style(dottedline,2) as "overbought level", osLevel coloured(168,168,168) style(dottedline,1) as "oversold level", divsell coloured(200,0,0), divbuy coloured(0,200,0)
// Settings for CCI Divergence obLevel=40 //overbought level osLevel=-40 //oversold level minimalBars=5 //minimal count of bars where CCI is ob or os // End of settings iSMi =SMI[14,3,5](close) ob = iSMi>obLevel os = iSMi<osLevel if ob then if not ob[1] then maxSMi = 0 maxprice = 0 firstobbar = barindex endif maxSMi=max(maxSMi,ISMI) maxprice=max(maxprice,high) if maxSMi<>maxSMi[1] then maxSMibar=barindex endif endif if os then if not os[1] then minSMi = 100 minprice = close*100 firstosbar = barindex endif minSMi=min(minSMi,ISMI) minprice=min(minprice,low) if minSMi<>minSMi[1] then minSMibar=barindex endif endif divsell=0 if ISMI crosses under obLevel then //verif divergence div = maxprice>oldmaxprice and maxSMi<oldmaxSMi and (barindex-firstobbar)>=minimalBars if div then drawsegment(oldmaxSMibar,oldmaxSMi,maxSMibar,maxSMi) coloured(200,0,0) drawarrowdown(maxSMibar,maxSMi) coloured(200,0,0) DRAWVLINE(barindex)coloured(200,120,0,255) divsell=osLevel endif oldmaxSMi = maxSMi oldmaxprice = maxprice oldmaxSMibar = maxSMibar endif divbuy=0 if iSMI crosses over osLevel then //verif divergence div = minprice<oldminprice and minSMi>oldminSMi and (barindex-firstosbar)>=minimalBars if div then drawsegment(oldminSMibar,oldminSMi,minSMibar,minSMi) coloured(0,120,200) drawarrowup(minSMibar,minSMi) coloured(0,120,200) DRAWVLINE(barindex)coloured(0,120,200,255) divbuy=osLevel endif oldminSMi = minSMi oldminprice = minprice oldminSMibar = minSMibar endif return iSMI style(line,2) as "SMI",obLevel coloured(168,168,168) style(dottedline,2) as "overbought level", osLevel coloured(168,168,168) style(dottedline,1) as "oversold level", divsell coloured(200,0,0), divbuy coloured(0,200,0)
Lighthouse and Nicolas thanked this postThe difference in divergence is shown in a 3 min picture of the dax (last trading day)
The oblevel (50)and the oslevel(-50) for CCI in a 4h graphic give good results
The oblevel (60) and oslevel(40) for RSI in a 4h graphic
The Oblevel (40) and Oslevel(-40) for SMI in a 4h graphic.
Thes levels are comparable to each other. The code changes are below for the CCI and similar for RSI and SMI.
DRAWRECTANGLE(barindex, High+8*AverageTrueRange[14](close), barindex[1], low[1]-0.618*AverageTrueRange[14](close))coloured(125,255,125,255) DRAWTEXT("Start Div CCI Up", barindex, Low-4.23*AverageTrueRange[14](close))coloured(125,255,125,255) DRAWARROWUP(barindex, low-2.618*AverageTrueRange[14](close))coloured(125,255,125,255)Al thanked this postI like to discuss the three divergencies, I will give the exacttime for the different signals:
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- div. up SMI 3/2/2020 at 9 PM
- div up CCI 4/2/2020 at 5 AM
- div up RSI 30/1/2020 at 9 PM
- div down SMI one at 13/2/2020 at 9 PM and one at 18/2/2020 at 5 AM
- div down CCI 18/2/2020 at 9 PM
- div down RSI 17/2/2020 at 9
Oblevels and Oslevels
1. SMI 40 and -40
2. CCI 50 and – 50
3. RSI 60 and 40
One can also use the divergenties in smaller time frames. In the attachement there are all three divergencies visible
Matriciel thanked this post -
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Topic Details
| Forum: | ProBuilder: Indicators & Custom Tools |
| Language: | English |
| Started: | 01/11/2020 |
| Status: | Active |
| Attachments: | 6 files |
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