A signal indicator which points at the reverse bars based on Bill Williams' Profitunity system excluding the angulation relative to the Alligator indicator mouth.
The indicator has originally been written in MQL4 and was first published in the Code Base on 26.05.2015.
Fig.1. The DivergenceBar indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14895
A trading system based on the signals of the Extrem_N indicator.XMA_BBx7_HTF
The XMA_BBx7 indicator with the timeframe selection option available in input parameters.