Deviation from Alligator

The indicator signals the appearance of a possible divergent bar based on the shape of the bar and its standard deviation from the Alligator indicator.

A bullish divergent bar is a bar that closes in its upper half (the higher the better), has a lower minimum than the previous bar, and drops sharply away from the Alligator.

A bearish divergent bar is a bar that closes in its lower half (the lower the better), has a higher high than the previous bar, and moves up sharply from the Alligator.

Standard deviation is a measure of how far a value is from its mathematical expectation.


SETTINGS

History - historical signal limit.

Bar closing - a condition for closing a signal bar.

Standard deviation - a coefficient of the distance of the signal bar from the Alligator (the higher the value, the rarer the signals).

Extremum - the number of bars by which highs and lows are determined.

Up arrow color - bullish signal color.

Down arrow color - bearish signal color.

Alerts - signal notification.
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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
PZ Divergence Trading
PZ TRADING SLU
5 (2)
Indicators
Unlock hidden profits: accurate divergence trading for all markets 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 Display
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The indicator signals the appearance of a possible divergent bar based on the shape of the bar without angulation detection. A bullish divergent bar is a bar that closes in its upper half (the higher the better), has a lower minimum than the previous bar, and drops sharply away from the Alligator indicator. A bearish divergent bar is a bar that closes in its lower half (the lower the better), has a higher high than the previous bar, and moves up sharply from the Alligator. SETTINGS History - hi
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