Excellent indicator. Purchased in october 2.019. Works perfect, lots of filters. Very happy with it.
Multi oscillator divergence scanner
This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter out only the strongest setups.
The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading. For instance this product.
Features
- Can detect divergences for the following oscillators/indicators: MACD (signal line or main line (histogram)), Stochastics, OsMA, RSI, CCI, RVI, Awesome (AO), OBV, ADX, ATR, MFI, Momentum and Composite Index. Only one oscillator can be selected.
- Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
- Monitors every time frame, from M1 to MN, and sends you a real-time alert when a divergence has been identified.
- The indicator includes an interactive panel. Please see the blog for explanation.
It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.
Please note that due to the multi-time frame functionality, this indicator will not draw lines and arrows or sell and buy advice on the chart where the indicator has been installed. For this purpose you need to create a chart template with my free divergence indicator.
I recommend to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisors on it.
Input parameters
Please find the description and explanation of the input parameters here.
Please also check out my other divergence products:

Excellent product, works as described, very good contact with a friendly creator, thank you Jan. Imho one of the best developers here.

Excellent indicator. Purchased in october 2.019. Works perfect, lots of filters. Very happy with it.

I purchased the indicator today,when I use it for a while, I will evaluate its effect again, but it is worth mentioning that the author's technical support is very powerful, and I will give five stars to this point.

Indicator like: a lot of different filters for conservative and aggressive trading, multi-timeframe, can scan one pair and maybe all, does not load the processor. Quality product. Responsive author.

Top Support. Top Products. Low price. Buying from Jan will always make you happy. Thank you Jan!! :)

I have got to say, I regret buying divergence indicator from ex-Wall Street guy that does not have push notification alert, it costed me more than double too! This is because that guy has more reviews than you. Yours however is much controlable and has hidden divergence feature However, what I am about to say next could be a good idea for you to develop. For now, I have to set each indicator in a single chart to see if three of them give the same divergence warning either hidden or regular on various designated timeframe however just another idea is if you can make them detect each divergence individually and put up some kinda table with all of the wanted pair as the top row and timeframe as the column for a defined set of RSI, CCI, MACD, Stoch, etc. (I know, too many will clutter the chart). When divergence occur it will populate the appropriate pair and which time frame it occurs and whether hidden or regular. The existing extra in the chart is excellent touch which the ex-Wall Street guy divergence probably didn't think of that. Here you can make some sort of log to say that this warning on this pair occur 5,10, 60,235 minutes ago. Now, user then can scan the table and check how long the warning is while in a glance user can see if each oscillator agrees to the divergence and in which time frame. I know someone else has built the oscillator indicator with those table however theirs do not consider divergence, just crossing line in overbought/oversold line. That's my 2 cent, however it is still a great indicator.

Hands down. one of the best coders. And one of the best products. It literally sifted my work from analyzing and searching to just visually confirming my strategies. Tones of hours saved.The developer is very fast in responding to any queries and ready to help. THANK YOU!
Great indicator and the programmer is always available to listen and help you. And as some other review here posted, this indicator is a time saver!
- bug fix in the pinbar filter
- added the possibility to enable the MA trend filter separately for regular and hidden divergences
- I have changed the logic of detecting divergences so that more divergences will be detected. The new logic will allow divergences even if there are additional indicator extremums (top/bottoms) between the 2 already existing extremum points.
- added the possibility to use the RSI filter on first, second or both extremums
- added Bollinger bands filter as an alternative to the RSI filter
- added MFI, Momentum, Composite Index and MACD histogram (main line) divergences
- added ADX filter
- added the possibility to select a specific time frame for the RSI filter
- added the option to use the RSI filter also on all lower time frames
- added an option to use divergence strict mode for close price levels. Please see the first screenshot under the product description
- added a filter option for setting a minimum price close level for the last extremum (divergence) candle. Please see the second screenshot under the product description.
- added the possbility to use separate RSI filter values for hidden divergences
- added the possibility to set which stochastics price field to use (Low/High or Close/Close)
- it will now be possible to set the candle shift where to search for the last extremum
- improved support for the strategy tester
- overall performance improvements
- added possibility to set the width of the panel
- added the possibility to use a custom sound file for alerts
- added possibility to use a custom chart template when opening a chart from the panel
- added time of divergence alert to the panel
- Possibility to disable scanning for regular divergences
- Possibility to disable the panel
Excellent product, works as described, very good contact with a friendly creator, thank you Jan. Imho one of the best developers here.