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0 item(s) - FreeCustomization and Conversion for: MetaTrader(MT4, MT5), Thinkorswim, NinjaTrader, MultiCharts, Tradingview, Prorealtime, SierraChart, etc.
License renew price will be 20% off for the 2nd year and after.
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Advanced DMI Oscillator Divergence SCAN for Thinkorswim TOS
(Advanced DMI Osc Divergence SCAN for Thinkorswim TOS
The price is for the package.
This product is part of the:DMI Osc Divergence Indicator all-in-one package for Thinkorswim
This customized scanner will find all Positive/Negative (bearish/bullish) DMI Osc Divergence based on your settings.
The algorithm of this SCAN is the same as our DMI Osc Divergence indicator.
This Advanced scanner is specially made for experienced traders.
For example, you can search DMI Osc Divergence signals in a short range, such as 15 bars(applicable to any time period).
You can also search in a long range, such as 60 or 100 bars. Furthermore, you can specify the percentage of price change between 2 Highs/Lows and the percentage of DMI Osc value change which are used to find the Divergence.
It makes possible to scan on very complex conditions.
Example 1, scan Negative (bearish) DMI Osc Divergence if current High is the peak within 15 bars, and it's 5% greater than the peak from 25 bars ago. At the same time, the current DMI Osc value is 8% less than the DMI Osc value of that peak from 25 bars ago.
Example 2, scan Positive (bullish) DMI Osc Divergence if current Low is the trough within 5 bars, and it's 3% less than the trough from 15 bars ago. At the same time, the current DMI Osc value is 10% greater than the DMI Osc value of that trough from 15 bars ago.
Features:
- You can change all DMI Osc parameters:
- DMI Osc length: The number of bars used to calculate the DMI Osc.
- Average type: The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.
- Length 1&2: Define the range of bars which are used to calculate the current High/Low and previous High/Low.
- Percent: The difference current High/Low and previous High/Low.
- DMI Percent: The difference between current DMI Osc and the DMI Osc value from previous High/Low.
- Scan in any time frames, 5mins, 15mins, 30mins, 1 day, 1 week, 1 month.
- Applicable for all securities(Stocks, Futures, Forex, Options, ETF, etc.).
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