Ciao a Tutti,
as you may know I’m working on the “DuettoFX Inverso Trader” EA which is a robot based on the divergences that can be identified using the DuettoFX Indicator. Here are some posts I wrote about this topic in the past:
I’ve also shown real examples on how I was able to profit from the downfall of EURUSD in the first week of March 2012 and in the first week of April 2012 thanks to this divergence technique:
In the last few days we’ve coded a new indicator that does an extremely good job in spotting divergences. Just take a look at the picture below (the last five months of EURUSD history – you can click on the image for a better view):
The nice thing is that divergences can easily be found virtually on any timeframe. It also works on many currency pairs. This indicator gives a “synthetic view” of a currency compared to a pool of the most important currencies. For this reason we’ve given it the name “SintesiFX”. In the picture above the red line is SintesiFX(xxxUSD), meaning it is a synthetic view of all major currency pairs where USD is the quote currency. Therefore this indicator takes data from EURUSD, AUDUSD, GPBUSD, NZDUSD, and it also considers the “inverted data” coming from USDCHF, USDCAD, USDJPY. SintesiFX can be compared somehow to a free indicator like USDindex, or to our PotenzaFX Powerlines indicator. However it is pretty unique, both for its flexibility and for the way data are elaborated. The divergences in the picture above speak for themselves. Another cool thing is that SintesiFX perfectly complements DuettoFX in spotting divergences, i.e. most of the time each indicator identifies divergences that are not identified by the other indicator.
I’m going to write again about SintesiFX tomorrow 😉