Charting and Studies User Guide - CQG.com

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Divergence Index Parameters
• Price: The price used for the calculations.
• Indicator: The element divergence is being measured against. Includes User Values
from Formula Toolbox.
• Level: Indicates how close the peaks are when divergence is measured.
• Count: The number of pivot points used to measure the divergence.
• Mode: Allows users to select the types of divergence to display.
Basic Studies
Classic Only: When selected, divergence is indicated when the slope of the bar
chart trendline is upward and slope of the oscillator trendline is negative or the slope
of the bar chart trendline is downward and slope of the oscillator trendline is positive.
Peak Confirm: When selected, divergence is measured (at the right-hand point of
the trend lines) at every peak (trough) which is confirmed by one lower high (higher
low) to the right. Therefore, the divergence signal does not occur until the close of
the bar following the current peak (trough). This peak (trough) is judged for its
likelihood of being a significant reversal point.