The index describes when a divergence occurs between price and an oscillator/index. It identifies both routine and concealed
divergences. it has a RSI filter choice which makes it feasible to filter out just the strongest setups.

• can detect divergences for these oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ADX, Composite
  index, ATR, OBV, MFI and Momentum. Only one oscillator/indicator can be chosen.
• Draws strong lines for regular/classical (potential reversal) divergences and dashed lines for hidden (tendency continuation)
  divergences. The lines have been drawn on the chart as well as in the indicator window.
• Sends an alert when a divergence has been detected.
• Contains 2 buffers which a developer can use with the iCustom() function in an Expert Advisor (EA). Buffer index 0 for bull signals and index 1
  for bear signals. The value returned is the indicator value. The RSI filter (if enabled) will not work. You will have to build you own RSI
  filter in the EA if you plan to use it. There is a code example in the end of the

  blog on
  how to use iCustom().

[spoiler title=”Read More…”]

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

Please also check out my other divergence products:

Divergence
dashboard

Double
divergence scanner

[/spoiler]