littlereddot » Thu Oct 15, 2020 9:35 pm wrote:The attachment explains how Ghostrider analyses divergence. Is it feasible to incorporate this into the EA? My coding skills are not good enough to do this on my own.
Not exactly. Ghostrider (Mark) looks for bar-to-bar divergences between price and oscillator (in bar / histogram mode). When OSMA is positive, look for bar-to-bar divergence with the highs of the corresponding price bars. In this case, a divergence or hidden divergence is bearish. When OSMA is negative, look for divergences with the lows of the corresponding price bars. These (hidden) divergences are bullish. Needless to say for a double divergence to be a valid entry, they must occur on both trading time frame and LTF, and within a "double" S/R zone. A "double' bar-to-bar divergence is an early entry. If no divergence occurs, the OSMA crossover is a late entry.
It would be interesting to experiment with these bar-to-bar divergences. However, the original entry method from Steve, where the EA waits for a ZZ within the trading TF, within a "double" S/R zone, has been performing very well in my testing so far with entry accuracy >90% and might well be the earliest possible entry. This is based on (just) 5 trades, all winners, but still early days. So IMHO bar-to-bar divergence entry would be an interesting feature as long as it remains optional.
David
