RSI Divergence Pro with Engulfing Confirmation
- Indicators
- Version: 1.0
- Activations: 5
🔥 **RSI Divergence Pro with Engulfing Confirmation** 🔥
Filter out false divergence signals and capture high-probability market reversals and continuation legs with **RSI Divergence Pro**!
Standard divergence indicators often produce premature signals in strong trending markets. This professional indicator solves that problem by requiring a confirmed **Engulfing Candlestick** right after a valid RSI divergence forms.
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💡 **KEY ADVANTAGES**
* 🛑 **100% Non-Repainting & Non-Lagging:** Signals are strictly printed on candle close (Bar [1]). No recalculations or repainting historical arrows.
* ⚡ **Dual-Confirmation Engine:** RSI Momentum Divergence + Price Action Engulfing Candle.
* 🎯 **Captures Multi-Leg & Continuation Divergences:** Includes a toggleable Overbought/Oversold (OBOS) filter. Set `Filter OBOS = False` to catch powerful 2nd leg/continuation divergences forming in mid-range areas!
* 📱 **Instant Telegram & Multi-Alerts:** Get rich formatted notifications directly in your Telegram Bot/Group, MetaTrader Mobile Push, Sound, and On-Screen Popups.
* 🚀 **VPS Optimized & Ultra-Lightweight:** Built with "New Bar" architecture. Extremely CPU/RAM friendly even when running on 10+ charts simultaneously.
* 📊 **Universal Compatibility:** Works seamlessly across Forex, Gold (XAUUSD), Indices, Crypto, and Synthetic Volatility Indices across all timeframes (H1 & H4 recommended).
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🛠️ **TRADING RULES**
1. **BUY SIGNAL (Green Arrow):** Bullish Divergence detected + Confirmed Bullish Engulfing candle close.
2. **SELL SIGNAL (Red Arrow):** Bearish Divergence detected + Confirmed Bearish Engulfing candle close.
3. **STOP LOSS PLACEMENT:** Place SL below the lowest low (Buy) or above the highest high (Sell) of the 2 Engulfing candles + spread buffer.
4. **TARGET TP:** Minimum Risk-to-Reward Ratio of 1:2 or 1:3.
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⚙️ **INPUT PARAMETERS**
* **RSI Settings:** Custom RSI Period, Pivot Strength, Min Distance, and Max Lookback.
* **Filter Overbought/Oversold (OBOS):**
* `True`: Only alerts inside extreme zones (>70 / <30).
* `False` *(Recommended)*: Alerts on ALL valid divergences including continuation/2nd leg setups.
* **Notification Settings:** Enable/Disable Telegram, Pop-up Alert, and Mobile Push.
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📩 **TELEGRAM SETUP INSTRUCTIONS FOR BUYERS**
1. Create a Telegram Bot via @BotFather to get your Bot Token.
2. Get your Chat ID via @userinfobot or your channel ID.
3. Open MetaTrader 5: `Tools -> Options -> Expert Advisors`.
4. Check `"Allow WebRequest for listed URL"` and add: `https://api.telegram.org`
5. Paste your Token & Chat ID into the indicator inputs.
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📌 *Recommended Timeframe: H1 & H4 for optimal clarity.*
📌 *Test the FREE DEMO version in Strategy Tester prior to purchasing!*
