I have done some preliminary work on developing a standardized indicator to identify and quantify divergences between price and other indicators. Rather than program multiple divergence indicators, I hope to develop a single divergence function that could identify divergences between price and any other indicator. This is still a work in progress. If successful, the divergence indicator will be the topic of a future article on Trader Edge.
I am in the process of finishing the first draft of my first book on option income strategies, so there will not be a new market-related or research post this week. I plan to resume weekly posts next Thursday.