The most convenient indicator for finding classic and hidden divergences between the price chart and any indicator-oscillator, or between
two indicators-oscillators.
Just drag the indicator to the chart where 1 or 2 oscillators are already open (see the video).
The indicator does not require
configuration, you just need to choose the mode: look for divergences between the price chart and the oscillator, or between two oscillators.
You can switch between classic and hidden divergences by clicking a button on the chart (see the video).
Divergences are
accompanied by an arrow signal, and there are also alerts, e-mail and push notifications.
The overview panel shows the current divergence signals for all currency pairs and timeframes from M5 to D1.
The double divergence signals are highlighted in the yellow corner on the overview panel.
The double divergence signals are highlighted in the yellow corner on the overview panel.
List of supported indicators:
- Relative Strength Index (RSI)
- Commodity Channel Index (CCI)
- Moving Average Convergence/Divergence (MACD)
- Moving Average of Oscillator (OsMA)
- Money Flow Index (MFI)
- Relative Vigor Index (RVI)
- Awesome Oscillator (AO)
- Momentum
- Stochastic Oscillator
- William’s Percent Range (WPR)
- Bears Power
- Bulls Power
- DeMarker
- Force Index
- Accumulation/Distribution
- On Balance Volume (OBV)
- Accelerator Oscillator (AC)
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The only limitation is that the indicator must be calculated based on the closing prices.
Indicator settings
- Calculation_Mode – indicator operation mode
- BarsCalc-calculation period in bars
- FractalBars – the value of fractals used to find local maxima/minima
- DivergenceMinLength – minimum divergence length in bars
- DivergenceMaxLength – maximum divergence length in bars
- ShowArrows – show signal arrows
- showAlert-issue an alert when a divergence occurs
- SendEmail – send an e-mail when a divergence occurs
- SendPush-send a push notification when a divergence occurs
- ReviewBars – the number of bars during which the divergence remains valid (for the review panel)
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