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  • Reviews (4)
  • Comments (6)
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PZ Divergence Trading

5

Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Easy to trade
  • Finds regular and hidden divergences
  • Supports many well known oscillators
  • Implements trading signals based on breakouts
  • Displays suitable stop-loss and take-profit levels
  • Configurable oscillator parameters
  • Customizable colors and sizes
  • Filter divergences by size in bars
  • It implements performance statistics
  • It implements email/sound/visual alerts

To offer a broad market perspective, the indicator can be loaded many times in the same chart using different oscillators, without interference. The indicator supports the following oscillators:

  • RSI
  • CCI
  • MACD
  • OSMA
  • Stochastic
  • Momentum
  • Awesome Oscillator
  • Accelerator Oscillator
  • Williams Percent Range
  • Relative Vigor Index
  • Money Flow Index
  • On Balance Volume
  • Rate of Change

Since divergences can expand quite a bit, especially in the Forex market, this indicator implements a twist: it waits for a donchian breakout to confirm the divergence before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal.

Input Parameters

  • Amplitude: Zig-Zag period used to find divergences
  • Oscillator - Choose the oscillator to load to the chart.
  • Breakout period - Breakout period in bars for the trading signals.
  • Divergence types - Enable or disable divergence types: hidden, regular or both.
  • Min divergence size in bars - Minimum size in bars for a divergence to be displayed.
  • Max divergence size in bars - Maximum size in bars for a divergence to be displayed.
  • Max. history bars - Amount of bars to evaluate when the indicator is loaded.
  • Indicator Settings - Desired indicator settings for all the oscillators involved.
    • RSI period
    • CCI period
    • WPR period
    • Momentum period
    • Stochastic periods
    • MACD settings
    • RVI period
    • ROC period
  • Drawing Settings - Choose colors and line sizes of the divergences.
  • Alerts - Enable or disable alerts of all kinds, plus set a custom alert text.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.



Reviews 4
tsuchla1
109
tsuchla1 2021.03.23 23:17 
 

I would highly recommend this to anyone who uses divergence in their trading. It's not perfect but this indicator does have some versatility along with some limitations. It does repaint but you need to understand divergence is a process generally not a single candle. I have had the best success using the Zig Zag setting on 8, then waiting for a candle to close across the 15 EMA for confirmation the price is going in the right direction. You may also want to combine divergence with support and resistance and overbought oversold for more confluence.

Frank Paetsch
5365
Frank Paetsch 2021.01.26 23:31 
 

Great! Thank you

daduduxiong
162
daduduxiong 2018.11.28 14:30 
 

how can i have scanner program, i want it, thanks very much

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The indicator shows the divergence between the RSI and the close price of the current chart timeframes M1, M5, M15, M30, H1, H4. Red line - divergence of the oscillator and the prices for selling. Green line - divergence for buying. The second point of each divergence is also marked on the chart as a pivot point for entering a trade. Settings: RSI_Period - the RSI period. MA_Period - the RSI averaging period. Period_div - the depth of the blocks to find the maximum or minimum of RSI in bars. Per
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The indicator of a professional trader
The indicator of a professional trader
Ramiz Mavludov
The indicator is recommended for use on D1. Features: All tools are suitable; Lots of strategies; Important levels, recommendations; Flexibility in settings for different instruments and intervals. Signals B, S - predict the direction of the candlestick movement at the beginning or at the close of the candlestick. Recommended TF is from H4 and up. Yellow dots - Recommended SL. Green squares are the recommended TP. Options SL   - By default 6, I recommend choosing from 6 to 12. The higher this
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Scrill monst
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Albert Idrisov
Scrill monst is a modification of the standard moving average indicator. It can be used as direct signals or as a filter for your trading strategy. Signals are simple, examples of the signals are available in the screenshot below. The indicator is easy to use: when it touches the zero level from the bottom up, enter a Sell trade. When it touches 0 from top to bottom, enter a Buy trade.
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Greenred
Greenred
Albert Idrisov
This is an easy to use histogram indicator. Green histogram - buy. Red histogram - sell. The indicator provides signals at the late reversal points. Why at the late ones? The indicator is not a magic wand. It cannot provide signals on the very peaks. Instead, it generates trend continuation signals on the late reversal points. Sometimes, it may provide signals on the very peaks as well, but that is not likely.
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TrendNavigator
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Andrey Vasiliev
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Redline
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Akash Gajadien
It took me days to think to release this indicator. This indicator finds HIGH/LOW on charts. It can be perfectly combined with other indicators. If you buy this indicator, you will get access to my chatbox. I will advise you how to setup the chart and trades and we will open trades together to help you achieve gains each month. You won't be disappointed if you buy this indicator. Live results are coming soon.
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Bank No repaint
Bank No repaint
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This is an easy-to-use arrow indicator for binary options and for Forex which is suitable for any currency pairs and time intervals. The indicator is very functional as it includes a couple of MetaTrader 4 standard indicators. It makes signals displayed as up and down arrows according to a price reversal. It is recommended to use highest timeframes as highest time intervals have stronger signals. And what's the main, signals appear on a current candle and Martingale with one order set can be use
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tsuchla1
109
tsuchla1 2021.03.23 23:17 
 

I would highly recommend this to anyone who uses divergence in their trading. It's not perfect but this indicator does have some versatility along with some limitations. It does repaint but you need to understand divergence is a process generally not a single candle. I have had the best success using the Zig Zag setting on 8, then waiting for a candle to close across the 15 EMA for confirmation the price is going in the right direction. You may also want to combine divergence with support and resistance and overbought oversold for more confluence.

Frank Paetsch
5365
Frank Paetsch 2021.01.26 23:31 
 

Great! Thank you

daduduxiong
162
daduduxiong 2018.11.28 14:30 
 

how can i have scanner program, i want it, thanks very much

Muhammet Simsek
926
Muhammet Simsek 2018.07.08 21:35 
 

Absolutely rubbish! Do not use it even if you give it free! Re-color, redraw, recalculate, and almost all wrong!

Reply to review
Version 13.0 2021.05.18
- Added Rate of Change Oscillator
Version 12.6 2020.02.03
- Bug fix in SL/TP lines drawing
Version 12.0 2019.04.22
- Added suitable stoploss and takeprofit levels
Version 9.0 2019.01.18
- Added different colors for different divergence types
Version 7.0 2018.05.24
- Added On Balance Volume
- Added Money Flow Index
Version 5.2 2018.04.11
- Added support for RVI
- Stats implemented
- Bug fix on drawing lines across several pairs