The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish
divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups.

• Can detect divergences for the following oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI,
  Awesome,  

  ADX, Composite
  index, ATR, OBV, MFI and Momentum. Only one oscillator/indicator can be selected.

• Draws solid lines for regular/classical (potential reversal) divergences and dotted lines for hidden (trend continuation)
  divergences. The lines are drawn on the chart as well as in the indicator window.
• Sends an alert when a divergence has been detected.
• Contains 1 buffer which a developer can use with the iCustom() function in an Expert Advisor (EA). The buffer index is 4 and the shift is always
  0. There is a code example at the end of the  

  blog.
  The value returned can be one of the following:

• 1 – regular bullish
• 2 – hidden bullish
• 3 – regular bearish
• 4 – hidden bearish

[spoiler title=”Read More…”]

• 1 – regular bullish
• 2 – hidden bullish
• 3 – regular bearish
• 4 – hidden bearish

Please find the description and explanation of the input parameters here.

Please check out my other divergence products:

Divergence
scanner

Double
divergence scanner

Divergence
EA

Divergence
dashboard

[/spoiler]