• Overview
  • Reviews (3)
  • Comments (5)

Multi oscillator divergence

The indicator identifies when a divergence occurs between price and an oscillator. It identifies both bullish and bearish divergences.


Features

  • Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI and RVI. Only one oscillator can be selected per chart.
  • Draws solid lines for regular/classical (potential reversal) divergences and dotted lines for hidden (trend continuation) divergences. The lines are drawn on the chart as well as in the indicator window.
  • Sends an alert when a divergence has been detected.


Parameters

  • Oscillator to use: Default is Stochastics. You can select from any of the above mentioned oscillators.
  • MACD AND OsMA SETTINGS
    • Fast EMA: Default is 12.
    • Slow EMA: Default is 26.
    • Signal SMA: Default is 9.
  • CCI, RSI AND RVI SETTINGS
    • Period: Default period is 14.
  • STOCHASTIC SETTINGS
    • K: Default is 5.
    • D: Default is 3.
    • Slowing: Default is 3.
  • Bullish line color: Color for bullish lines.
  • Bearish line color: Color for bearish lines.
  • Alerts: Set to true for each alert type you would like to receive.
gutentag
76
2017.08.22 09:16 
 

Saves time- thanks!

Sten Birgersson
16
2017.07.31 09:49 
 

Works just perfect for me. Taking trades only when RSI is above/below 70/30. The hit rate is very high when using it this way.

wckco
16
2017.07.30 12:17 
 

Good indicator. Exactly what i looking for. Thank You Jan Flodin.