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RSI Divergence Indicator MT4

4.67

RSI divergence indicator finds divergences between price chart and RSI 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 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.


Reviews 11
John Mlay
181
John Mlay 2024.03.31 17:55 
 

PERFECT

Jack Hudson
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
26
Maras 2023.08.06 20:54 
 

Prima :)

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The trend detection indicator will compliment any strategy and can also be used as an independent tool. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Recomedation for work with indicator #8 Benefits  Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange,  which can be used both, for profit taking, and for settings up stop-losses. The
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Filter:
John Mlay
181
John Mlay 2024.03.31 17:55 
 

PERFECT

Samuel Ohida
18
Samuel Ohida 2024.03.04 12:02 
 

A perfect help for Divergence!

Jack Hudson
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
26
Maras 2023.08.06 20:54 
 

Prima :)

1122jpw4466
14
1122jpw4466 2023.06.16 05:58 
 

Seems OK so far

klangsub888
14
klangsub888 2023.06.04 12:28 
 

good

Nina Duvenage
58
Nina Duvenage 2023.05.17 07:56 
 

Спасибо! Отличный индикатор!

Rich8989
177
Rich8989 2023.03.11 04:02 
 

Good Indicator

Mortada Al-haidari
18
Mortada Al-haidari 2022.12.08 17:44 
 

The indicator does not work in the re-test

Amir Atif
59494
Reply from developer Amir Atif 2022.12.10 11:18
Hi, indicator updated, please install the version 3.5 of the indicator.
Behzad Mohebali
81
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
54
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.

Reply to review
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.