RSI divergence indicator open source not working as expected

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08/30/2019 at 8:48 AM #105892 quote

Thally
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Hi All,

I am trying to use the RSI divergence open source (https://www.prorealcode.com/topic/rsi-divergence/) indicator in a strategy. However it is not giving readings as expected. It seems to be missing key divergence events that are captured by the closed code version of the indicator, which I cannot use in a trading system. Attached is a screenshot showing an example. Does anyone have any ideas as to why this might be and whether there is a workaround?

Thanks,

Thally

Screenshot-2019-08-30-at-08.43.37.png

08/30/2019 at 8:55 AM #105894 quote

Nicolas
Keymaster

Master

That “open source” version is NOT the same as the internal indicator of the platform (but I find it close), that’s why you don’t get the exact same signals!

In version 11, the RSI divergences of the platform is available through a new instruction (List of new instructions (indicators) available in PRT version 11 )

FYI, some other divergences topics: https://www.prorealcode.com/topics-tag/divergences/

Thally thanked this post

08/30/2019 at 7:41 PM #105951 quote

Thally
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Thanks Nicolas. I’ll investigate further. The open source indicator misses some critical signals as shown in the plot leaving little confidence as using it as part of a trading system. I’ll have a bash at programming my own. Looking forward to v11!
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RSI divergence indicator open source not working as expected

ProBuilder: Indicators & Custom Tools

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Thally @rodger_dodger Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by Thally
6 years, 5 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	08/30/2019
Status:	Active
Attachments:	1 files

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