This indicator will detect divergence between the price and OsMA indicator. It will give buy or sell signal according to the type of divergence that was detected.
Have you thought about doing the same thing with RSI? I think it may be even more
powerful.
Anyway, thanks again!
Gomelesose
I am glad to know that you liked my indicator.
The basic idea of divergence can be applied on any oscillating indicator and that
includes RSI. However, OsMa divergence is the most useful among all other indicators
in my openion.
Most imressive indicator, though it's keeps crashing my MetaTrader every time I'm
trying to use it.( like after 10 -20 min )Did any body have the same problem?
Hi, I have a problem with this indicator. When I load on terminal, I can't reopen
the platform. I use MT4 203 on Xp SP2. Why? When I open the Task Manager, I see
that CPU work at 98% for terminal process but the platform don't appair.. .Why?
What can I do? Thanks . Bolla
walsz:
Most imressive indicator, though it's keeps crashing my MetaTrader every time I'm
trying to use it.( like after 10 -20 min )Did any body have the same problem?
Thank you.
It is quite odd to know that the indicator crashes MetaTrader after 10 - 20 min.
In this period of time the indicator should have been executed more than 100 times,
and if there was any bug that could cause the system to crash it should show up
as soon as you you attach the indicator to the chart.
However, I suggest you check the experts tab in the terminal window for any error
messages that could appear during the indicator operation.
Hi, I have a problem with this indicator. When I load on terminal, I can't reopen
the platform. I use MT4 203 on Xp SP2. Why? When I open the Task Manager, I see
that CPU work at 98% for terminal process but the platform don't appair.. .Why?
What can I do? Thanks . Bolla
To identify all divergence opportunities on the chart, the indicator has to do
a lot of calculation which may consume much of the system processing resourses.
This process will happen only one time after you attach the indicator to the chart
or restart MetaTrader. After that the indictor will run very smoothly.
If you have a lot of history prices on your chart or your system processing power
is poor and you are not interested in the history divergence information, you could
adjust historyBarsCount parameter in the indicator to apply the indicator on the
number of the chart bars you choose. For example, if you set this parameter to
500, the indicator will identify divergence only in the last 500 bars. This should
reduce the indicator initiation time.
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FX5_Divergence:
Author: Hazem