Description

With the AlgoQuantics DivergenceDetector you can detect divergences in the market in an extremely comfortable way. Using the real-time scanning in AgenaTrader, you can have the algorithm calculate synchronously over hundreds and even thousands of markets and be informed when a signal is detected.

A divergence is a deviation between the price trend and the trend of an indicator (RSI, MACD, Momentum, Stochastic). The DivergenceDetector is based on the logic that a new high/low in the price chart should also be confirmed by a new high/low of one of these indicators. If this is not the case, a divergence (= reversal signal) is present.

Divergence trading with high efficiency was not possible in AgenaTrader so far, nobody can keep a larger number of markets continuously in view and examine them for divergences. Either one had to limit oneself to a few markets or to the very large time units in order to give oneself enough time to screen them manually and not to miss any signal.