Draft 1: MT5 : Stoch Divergence

MQL5 Indicators

Job finished

Execution time 7 days
Feedback from employee
Perfect job and Perfect customer. Happy working with him.
Feedback from customer
Spot on with requirements.

Specification

Wait for Any one Slow, Medium or Fast stochastics to reach extreme.


If candle is bearish at Oversold Extreme, then wait within X bars, for price to break Open of the extreme candle.

Then draw line from the high of the extreme candle to the high of the new candle that broke extreme candle open. Also draw a line on the stochs window from the extreme value to the stochs value at new candle high.


If candle if bullish at Oversold extreme, then wait within X bars for price to break close of the extreme candle.

Then draw line from the high of the extreme candle to the high of the new candle that broke extreme candle open. Draw on stochs window too.


If candle is bearish at Overbought Extreme, then wait within X bars, for price to break close of the extreme candle.

Then draw line from the low of the extreme candle to the Low of the new candle that broke extreme candle close.

Also draw a line on the stochs window from the extreme value to the higher stochs value at the new candle low.


If candle is bullish at overbought extreme, then wait within X bars for price to break open of the extreme candle.

Then draw line from the low of the extreme candle to the Low of the new candle that broke extreme candle close.

Also draw a line on the stochs window from the extreme value to the higher stochs value at the new candle low.



Alert example: AUDJPY H1 Slow Stochs Divergence SELL

                            EURAUD D1 Medium Stochs Divergence BUY


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