I was wondering is there a indicator that would plot divergence & convergence in MT4. If so could one guide me to the right place.
There's nothing better than the human eye and trendline breaks to confirm divergence. Fantastic anti-momentum trading method.
here you go
first one i dont like but second one is not bad
I will test them this weekend.
i've been feddling with these, can someone fix them so that they show up in a separate window?
Here you go...
Now in seperate windows !
Hope this helps,
Let's work on a little indicator together based on this actually.
Included is, TSI and OSMA.
Let's make it so that the bar on close changes colour when it diverges with price.
Meaning that if Price increases or stays the same and TSI or OSMA decreases -- the bar changes colour.. Anyone will to take a shot?
Here is an excellent article related to hidden divergence
Thanks, I did the same actually as you did by just choosing to have it open in a separate window, but it somehow doesn't look like a proper histogram.
I thought about rather instead combining these divergence ideas with one of the more famous oscillator indicators like TSI or OSMA so that we can find hidden divergence when one of those indicators changes colours instead. What do you think?
anyone willing to take a shot at creating this indicator?
I look to the coder gods!! Kalenzo? Igorad?
Thank you for your posts. What are the settings for these indicators, Divergence is just showing red lines.
Don't use the auto divergence drawing, always draw it manually
i personally trade divergence, using my own template
stoch + osma + momentum
check the chart and download the temp.