• Overview
  • Reviews (2)
  • Comments (34)
  • What's new

Divergence Convergence for MT5 indicators

This indicator builds divergence/convergence for any selected indicator.

You can add your own indicator with its custom settings to the code for free.

The indicator has two basic line drawing methods (**):

  1. Peak search on fractals without waiting the closure of the wave (MODE = each_bar_peak)
  2. Wave search for peaks after crossing the "ZERO line" of the indicator (e.g., "zero line" for RSI = 50.0) (MODE = WAVE_bar_peak)

Basic settings include 21 standard indicators included in MT5 terminal, to which you can add any of your indicators for free.

The indicator has a built-in alarm in case a signal appears.

Standard indicators included in the settings (indicator number (*)):

  1. AC (Accelerator Oscillator) (MODE = each_bar_peak / WAVE_bar_peak)
  2. AD (Accumulation/Distribution) (MODE = each_bar_peak)
  3. ADX (Average Directional Movement Index) by MAIN LINE (MODE = each_bar_peak)
  4. ATR (Average True Range) (MODE = each_bar_peak)
  5. AO (Awesome oscillator) (MODE = each_bar_peak / WAVE_bar_peak)
  6. BearsPower // (MODE = each_bar_peak / WAVE_bar_peak)
  7. BullsPower // (MODE = each_bar_peak / WAVE_bar_peak)
  8. CCI (Commodity Channel Index) (MODE = each_bar_peak / WAVE_bar_peak)
  9. DeMarker (MODE = each_bar_peak / WAVE_bar_peak)
  10. Force Index (MODE = each_bar_peak / WAVE_bar_peak)
  11. Momentum (MODE = each_bar_peak)
  12. OsMA (Moving Average of Oscillator) (MODE = each_bar_peak / WAVE_bar_peak)
  13. MACD (Moving Averages Convergence/Divergence) (MODE = each_bar_peak / WAVE_bar_peak)
  14. RSI (Relative Strength Index) (MODE = each_bar_peak / WAVE_bar_peak)
  15. RVI (Relative Vigor Index) (MODE = each_bar_peak / WAVE_bar_peak)
  16. StdDev (Standard Deviation) (MODE = each_bar_peak)
  17. Stochastic (Stochastic Oscillator) (MODE = each_bar_peak / WAVE_bar_peak)
  18. WPR (Larry Williams Percent Range) (MODE = each_bar_peak / WAVE_bar_peak)
  19. ADXWilder (Average Directional Movement Index by Welles Wilder) by MAIN LINE (MODE = each_bar_peak)
  20. Chaikin (Chaikin Oscillator) (MODE = each_bar_peak / WAVE_bar_peak)
  21. MFI (Money Flow Index) (MODE = each_bar_peak / WAVE_bar_peak)
  22. TriX (Triple Exponential Moving Averages Oscillator) (MODE = each_bar_peak / WAVE_bar_peak)


Main Indicator Settings

Section 1

  • Ind_MODE - number of the indicator (*), for which divergence/convergence is calculated

... followed by enumeration of all indicators with their individual settings (MODE_0, MODE_1, ...).

Section 2

  • MODE - the type of construction of divergence / convergence (described above (**)). each_bar_peak / WAVE_bar_peak
  • language - notification language.
  • Bar_Limit_calc - the number of bars from the current one for calculations.
  • MaxBars - the maximum number of bars between the peaks.
  • MinBars - the minimum number of bars between the peaks.
  • Indicator_fractal - bars to construct the indicator fractal. Number of bars spaced from the top.
  • Price_fractal - bars to construct the price fractal. Number of bars spaced from the top.
  • DC_Down - the bottom line color.
  • DC_Up - the top line color.
  • Global_Variables - enable data output concerning the last line to the global variable of the terminal (for an Expert Advisor).

Section 3

  • use_Sound - sound notification.
  • Music_name - sound file name.
  • Use_Alert - data window.
  • Use_Mail - e-mail notification.
  • Use_Mobile - notification to the mobile terminal.
  • Audio_notification - audio alert of the signal arrival.

Before launching the indicator, you should install the indicator selected in the settings (Ind_MODE = ...). The installed indicator, in its turn, should have the settings selected in MODE_ ... subsection. MultiIndiDC (Divergence Convergence for indicators) indicator should be launched aftterwards.

If you have an indicator which you want to add, just write about that in the Comments.

Oleg Dubov
660
2017.04.02 19:28 
 

User didn't leave any comment to the rating

Elena Alexandrova
363
2014.02.04 18:22 
 

Спасибо.

Индикатор обновился до новой версии.

Все работает как нужно, с новым индикатором.

Version 2.7 - 2016.02.08
Added check restriction at large breaks in history.
Version 2.6 - 2015.03.16
1) Added the restriction for the calculation of bars Bar_Limit_calc = 1000 (section_M), the number of bars for the calculation.

2) Line calculation mode selection changed to the drop down list each_bar_peak / WAVE_bar_peak.

3) Added the audio alert of a new signal arrival Audio_notification = true.
Version 2.5 - 2015.01.29
Fixed drawing of lines after you restart the terminal
Version 2.4 - 2015.01.21
Fixed drawing lines after large time gaps. Changed the work of global variables.
Version 2.3 - 2014.02.07
Fixed bug with drawing lines in online mode.
Version 2.2 - 2014.02.04
1. Fixed bug of drawing arrows.
2. Added a data buffer for Expert Advisors. Indicator buffer 0-Sell/1-BUY.
3. Added indicator istochasticofosc_v2.