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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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FX Market Correlation indicator calculates the weakness/strength from all 28 currency pairs in the market. This is unique and powerful way of watching the market. It works on all timeframes. You can use it for scalping, or you can use it for long term trading. FX Market Correlation indicator is NOT repainting. Features: --------- -easy determine which currency is strengthening and which is weakening -choose best currency pairs to trade and times to trade them -find correlation between pairs -N
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
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The AlgoKing Lightning Bolt Strategy is a trade manager and has multiple indicators built for a complete trading strategy.  Here is a list of indicators built in. Indicators Auto drawn Support and Resistance signals Auto drawn RSI Divergence signals Auto drawn Fibonacci Retracement signals with buy and sell entry lines. Lightning Bolt reversal signals. Auto drawn trend lines. Trade Management Auto take partials at simple moving average targets. Auto take partial and stop losses at Fibonacci re
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
AlgoKing Chandelier Exit Indicator (MT4) 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
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
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
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
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