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Divergence Detector for MT5

Divergence is one best ways to trade the financial market as it is a leading indicator of price action that detect high probability reversal and continuation setups.  

The AlgoKing Divergence Detector is an RSI and Stochastics Indicator with Divergence Detection.

Features

  • Hidden Divergence for trend continuation.
  • Standard or Normal Divergence for trend reversal.
  • Screen Alerts.
  • MetaQuotes Notifications.
  • Email Notifications.
  • RSI Indicator built in.
  • Stochastics Indicator built in.

Types of Divergences

  • Hidden Bullish Divergence - Hidden bullish divergence happens when the following two factors align … First, the indicator makes lower lows. Second, the price chart makes higher highs. This can mean the price action will soon reverse to the downside. 
  • Hidden Bearish Divergence - Hidden bearish divergence happens when the indicator makes higher highs and the price chart makes lower highs. This can mean the price action will soon reverse to the upside. 
  • Regular Bullish Divergence - Regular bullish divergence happens when the indicator makes higher lows and the price chart makes lower lows. This can mean the price action will soon trend upward. 
  • Regular Bearish Divergence - With regular bearish divergence, the indicator makes lower highs and the price chart makes higher highs. This can indicate the price action will soon trend down



Screenshot using AlgoKing Divergence Detection

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Divergence is one best ways to trade the financial market as it is a leading indicator of price action that detect high probability reversal and continuation setups.   The AlgoKing Divergence Detector is an RSI and Stochastics Indicator with Divergence Detection. Features Hidden Divergence for trend continuation. Standard or Normal Divergence for trend reversal. Screen Alerts. MetaQuotes Notifications. Email Notifications. RSI Indicator built in. Stochastics Indicator built in. Types of Divergen
45 USD
AlgoKing Chandelier Exit Indicator (MT5) The Chandelier Exit Indicator is a volatility based indicator that maximizes returns using the Average True Range (ATR) value and the highest high or lowest low of a period. Benefits Should be used as a trailing stop. Helps you exit a position when you have a respectable profit. Identifies a high probability of a trend reversal when the price moves against the prevailing trend by a distance equal to 3x the average volatility. Join the AlgoKing Lightning
45 USD
The AlgoKing Squawk Trendlines script will auto draw trendlines on your chart to use with trendline break and retest strategies. Simply drag the script onto your chart. Recommendation: Be sure all candle bars that you want to include in the trendline calculation are visible. Draw trend lines using multiple timeframes. Delete all lines that you do not want to use in your strategy. Benefits: Join the AlgoKing Lightning Bolt Expert Advisor support group:   https://www.mql5.com/en/messages/02E3BDC
45 USD
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