Divergence signals
- Indicators
-
Andrey Tatarinov
Robot for trading on news
https://www.mql5.com/en/market/product/10427
Trend Hunter indicator with the ability to send signals to Telegram - Version: 1.0
- Activations: 15
The indicator detects divergences between price and the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) technical indicators.
The indicator's signals do not repaint; an entry signal appears after the bar with the arrow closes.
Divergence is defined as follows:
- If the price chart makes a new high, and the MACD or RSI value remains below the previous level, this is a bearish divergence.
- If the price chart drops to new lows, and the MACD or RSI value remains above the previous levels, this is a bullish divergence.
Typically, the indicator's signals appear before a trend reversal. It is recommended to filter signals by trend direction on a higher timeframe.
Settings
- Bars Count - number of bars for indicator calculation
- Divergence indicator - an indicator for detecting divergences.
- MACD FastEMA, MACD SlowEMA, MACD SMA, MACD Applied price - MACD indicator settings
- RSI Period, RSI Overbought, RSI Oversold, RSI Applied price - RSI indicator settings
- Send Alert - Enable alerts
- Send Push Notification - Enable push notifications
- Send Email - Enable email notifications
