The ultimate divergence NinjaTrader indicator would analyse a configurable combination of concurrent studies for Highest Peak to Peak, Highest Peak to Value, Peak to Peak, Peak to Value, Last value to value and the same for Valleys/Troughs.

It would work for any market in anytime frame. It would draw the study on a chart and plot peaks,valleys, highs and lows, arrows to show high price direction and low price direction vs the direction of the studies – can calculate and in real-time ticks by ticks , showing current data points analysis and optionally historical.

Divergence direction be colour coded red for down and green for up.
Alerts are visual, audio, synthesised voice. The data series can be used as filters for other Indicators or strategies. The study would consist of price data series versus one of over 30 studies:

Indicator data series : CCI,CMO,DM,DMI,DMIndex,DoubleStochastics,FisherTransform,FOSC,LinRegSlope,MACD,MFI,Momentum,MicroTrendsSlope,PFE,PPO,PriceOscillator,ROC,RSI,RSquared,RSS,RVI,SMI,Stochastics D,Stochastics K,StochasticsFast D, StochasticsFast K,StochRSI,TSI,UltimateOscillator,WilliamsR,WoodiesCCI,

Or a 2nd Price DataSeries
such as Median,Typical,Weighted Best of all it would be 100% free for sim and testing...

This indicator is ready for beta release as part of the MicroTrends NinjaTrader Framework 7.0.0.28 which is the release for this week...

Download from http://www.micro-trends.co.uk/ninjatrader-downloads/

This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com