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RSI Divergence Indicator MT4

FREE

Published: 26 May 2022

Current version: 3.6

RSI Divergence Indicator MT4

4.67

Indicators
Amir Atif
Version: 3.6
Updated: 28 February 2023

Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals.

Three confirmation type for RSI divergences:

RSI line cross 50 level
Price returns to previous H/L
Creating a new ZigZag leg in price chart

When divergence is confirmed, the indicator draws an arrow on the chart (not for the new ZigZag leg confirmation type).

This indicator uses ZigZag indicator to determine trend direction and HH/LL of the price, you can change the ZigZag parameters in the indicator's input window. You can add the ZigZag Indicator to your chart template to have a better look of painted divergences.

- You can set the indicator to alert only when RSI divergence occurs in the overbought/oversold levels.

- You can use indicator's "divergence type" buffer in your expert advisors.

You can check out the multi-timeframe/multi-symbol version of this indicator from this link.

more...

181

John Mlay 2024.03.31 17:55 #

PERFECT

259

Jack Hudson 2023.11.30 17:08 #

Finally an RSI Divergence Indicator that is adjustable! Better than others I paid for. This has me wanting to look at the authors work I can pay for. Many thanks sir.

Maras 2023.08.06 20:54 #

Prima :)

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Moving Average Trend Alert is a triple MA indicator that helps traders to identify potential market trends based on 3 MAs alignment and crossover. Moving Average Trend Alert features: Customizable short-term, medium-term, and long-term MAs. Option to filter signals based on a minimum distance between moving averages to avoid premature MAs alignment. Optional Filter of signals with RSI indicator overbought/oversold levels. Optional Filter of signals with ADX indicator. Popup, email, and phone n

FREE

40% off. Original price: $50 Ichimoku Trend Finder is a multi symbol multi timeframe trend dashboard that helps traders to monitor and identify potential market trends from one chart. This panel scans the Ichimoku Kinko Hyo indicator in 28 configurable instruments and 9 timeframes for classic Ichimoku trend signals with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1 and M5) Settings description here MT5 version here

30 USD

50% off. Original price: $60 Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in the most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version (works on M1,M5,M30,W1 timeframes) Read the full

30 USD

40% off. Original price: $50 Support and Resistance Dashboard for MT4 is a multi-timeframe and multi-symbol scanner and alert system that finds S/R zones and pivot points for all timeframes and symbols and alerts when price has interaction with them. If you are using support and resistance (or supply and demand) zones in your trading strategy, this dashboard and its alert and filtering system is a big time saver for you. Download demo version (works on M 1,M5,M30,W1 timeframes) Full descrip

30 USD

50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1, M5 and M10) Settings description here MT4 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market watch sym

30 USD

MACD divergence indicator finds divergences between price chart and MACD indicator and informs you with alerts (popup, mobile notification or email). Its main use is to find trend reversals in the chart. Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals. Three confirmation type for MACD divergences: MACD line cross zero level Price returns to previous H/L Creat

FREE

50% off. Original price: $60 Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Read the f

30 USD

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk.Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT4 version here You only open the

FREE

40% off. Original price: $50 Advanced Bollinger Bands Scanner is a multi symbol multi timeframe Bollinger bands dashboard that monitors and analyzes the Bollinger Bands indicator from one chart. This panel monitors the Bollinger bands indicator in up to 28 configurable instruments and 9 timeframes for price overbought/oversold, price consolidation (Bollinger bands squeeze), and consolidation breakout (squeeze break) with a deep scan feature to scan all market watch symbols (up to 1000 instrume

30 USD

50% off. Original price: $60 Support and Resistance zones indicator for MT5 is a multi-timeframe panel and alert that finds support and resistance zones and pivot points for all timeframes of MetaTrader 5 and gives alert when price has interaction with them. Download demo version (works on GBPUSD, EURJPY and NZDUSD symbols) Read the full description of scanner parameters in the blog page . Many unique features in one indicator: Integrating support and resistance zones and pivot points in one in

30 USD

50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that monitors and finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1 and M5) Settings description here MT5 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market w

30 USD

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk. Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT5 version here You only open the

FREE

Filter:

181

John Mlay 2024.03.31 17:55 #

PERFECT

Samuel Ohida 2024.03.04 12:02 #

A perfect help for Divergence!

259

Jack Hudson 2023.11.30 17:08 #

Finally an RSI Divergence Indicator that is adjustable! Better than others I paid for. This has me wanting to look at the authors work I can pay for. Many thanks sir.

Maras 2023.08.06 20:54 #

Prima :)

1122jpw4466 2023.06.16 05:58 #

Seems OK so far

klangsub888 2023.06.04 12:28 #

good

Nina Duvenage 2023.05.17 07:56 #

Спасибо! Отличный индикатор!

167

Rich8989 2023.03.11 04:02 #

Good Indicator

Mortada Al-haidari 2022.12.08 17:44 #

The indicator does not work in the re-test

58536

Reply from developer Amir Atif 2022.12.10 11:18 #

Hi, indicator updated, please install the version 3.5 of the indicator.

Behzad Mohebali 2022.11.27 06:36 #

An excellent and efficient tool Along with a professional and committed developer.

Hoping to add more features to this tool.

good luck

QqBbWw 2022.10.30 08:29 #

The version of 3.2and 3.4 can not remodeling horizontal line. The version of 2.0 can do it.

Version 3.6 2023.02.28

+ "No Confirmation (Immediate Alerts)" option added to the indicator, now you can receive alerts for divergences immediately after divergence formation (this option can create repetitive alerts).
+ A parameter added for hiding the divergence arrow.
- Fixed a bug that sometimes creates multiple alerts for a divergence.

Version 3.5 2022.12.10

Fixed a bug in alerting when indicator runs on multiple charts of a symbol.

Version 3.4 2022.10.29

Fixed a bug in drawing divergence lines and sending alerts for new divergences.

Version 3.3 2022.09.20

+ Significant improvement in the indicator performance and speed.

Version 3.1 2022.09.01

+ Finding hidden divergences added to the indicator.
+ Indicator performance improved.
- Fixed a bug in showing the alert for "RSI Cross 50 Level" confirmation.