Divergence Detector for MT4

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



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