• Overview
  • Reviews (9)
  • Comments (17)
  • What's new

Multi oscillator divergence

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

Please check out my other divergence products:

https://www.mql5.com/en/market/product/26254

https://www.mql5.com/en/market/product/24427


Features

  • Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI and Awesome. 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.
  • Scan for hidden divergences: True or False.
  • Scan for regular divergences: True or False
  • Max history bars: Bars back in time for which to draw divergences.
  • MACD OsMA AND AWESOME SETTINGS
    • Fast MA: Default is 12 (5 for Awesome).
    • Slow MA: Default is 26 (34 for Awesome).
    • Signal MA (not used for Awesome): 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.
Matthew Todorovski
13509
Matthew Todorovski 2018.06.30 14:07 
 

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

Tim Eubanks
4884
Tim Eubanks 2018.03.15 16:29 
 

Decent indicator.

4example
119
4example 2018.02.23 23:50 
 

Excellent indicator. Light on resources as well and really powerful. Took 3 signals last night. One in a nice profit, the other 2 in a small one but profit as well. Very good addition to my Divergence scanner. I have tested a few so far and Jan's indicator os by far the most complete and good one.

rafaelmercadop
103
rafaelmercadop 2018.01.18 11:41 
 

Thanks Jan for this free indicator with your scanner, together is a great tool to see the over all picture.

Pealres Lukinskas
173
Pealres Lukinskas 2018.01.03 19:39   

I want to thank the developer for making this product free, I found this is the best free option in the market and I find it essential. Thanks again

mugenokane00
49
mugenokane00 2018.01.01 14:11 
 

This indicator is useful for me. Thank you very much.

gutentag
76
gutentag 2017.08.22 09:16 
 

Saves time- thanks!

bisten
19
bisten 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
wckco 2017.07.30 12:17 
 

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

Version 1.2 - 2018.04.18
- added possibiltity to set max history bars
- added option to scan for only hidden or regular divergences
Version 1.1 - 2018.01.16
- added the Awesome oscillator