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MOM Standard and Hidden Divergences

The Momentum Standard/Hidden Divergence indicator will plot the momentum, and will also identify and plot standard (regular) divergences between the indicator and the price action, OR it can be set to identify and plot hidden (reverse) divergences between the indicator and the price action. The divergences themselves are implemented as lines (default green for bullish divergence and red for bearish divergence) drawn in the indicator pane. If activated via the Inputs dialog, alerts will be generated whenever a new divergence is identified or when an existing divergence is extended.

An option is also provided to highlight the divergences in the price pane. When this option is selected, shapes will be drawn above the bar highs that identify the starting/ending point of an upper (bearish) divergence, and vice-versa for lower (bullish) divergences. You can select to highlight all divergences, or just the most recent divergence.

A divergence is often a precursor to a price reversal. In a bullish (regular) divergence, price will be making lower-lows while the indicator being tracked will make higher lows which typically indicates a reduction (or reversal) in momentum. The reverse is true for a bearish (regular) divergence.

When a security is in a strong trend, regular divergence will tend to generate a number of false signals. In this situation hidden divergences can be used to identify entry/re-entry points. A bullish (hidden) divergence occurs when price makes a higher-low while the indicator makes a lower-low. The reverse is true for a bearish (hidden) divergence.

While divergences can be used to generate entry signals, most traders use them to confirm some other trading signal. And as mentioned above, if the security is trending you would look for hidden divergences while at all other times you would focus on regular divergences.

Almost any oscillator can be used for purposes of divergence-detection, but there are certain indicators that are more effective at this task and these include the CCI, RSI, Momentum, Stochastics, and MACD. We offer divergence-checking versions of all of these.

The Inputs menu provides full control over the underlying indicator parameters as well all divergence-specific properties and cosmetics.

Menu Option
Description
Momentum Period
Set the period for the Momentum calculation. Default is 14.
Source
Select the price input source. Default is Close
Pivot Lookback
Set the number of pivots over which divergences should be scanned. Default is 5, range is 1-50.
Minimum Length
Set the minimum length, in bars, for a valid divergence. Default is 6.
Divergence Type
Select from Regular Divergence and Hidden Divergence.
Bullish Divergence Color
Set the color for bullish divergence lines.
Bearish Divergence Color
Set the color for bearish divergence lines.
--Line Thickness
Set the line thickness for divergence lines. Range is from 1 to 6. Default is 2.
--Line Style
Set the line style for divergence lines. Default is Solid.
Highlight Divergence in Chart?
True or False. If True then the starting/ending points of divergences will be highlighted in the price pane.
--Most Recent Only?
True or False. If True then only the most recent divergence will be highlighted in the price pane.
--Shape Size
Set the size of the shape to be used when highlighting divergences.
--Bullish Shape Color
Set the color to be used for highlighting bullish divergences.
--Bearish Shape Color
Set the color to be used for highlighting bearish divergences.
Alert on Bullish Divergence?
True or False. If True then alerts will be generated for bullish divergences.
Alert on Bearish Divergence?
True or False. If True then alerts will be generated for bearish divergences.
--Send Email Alerts?
True or False. If True then email alerts will be generated along with the standard audio alert.
--Bullish Alert Sound
Set the WAV file to be used for bullish alerts.
--Bearish Alert Sound
Set the WAV file to be used for bearish alerts.


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Presentazione       Quantum Breakout PRO   , l'innovativo indicatore MQL5 che sta trasformando il modo in cui scambi le zone di breakout! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni,   Quantum Breakout PRO   è progettato per spingere il tuo viaggio di trading a nuovi livelli con la sua strategia innovativa e dinamica della zona di breakout. Quantum Breakout Indicator ti fornirà frecce di segnalazione sulle zone di breakout con 5 zone target di prof
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
ATTUALMENTE SCONTATO DEL 20%! La soluzione migliore per qualsiasi principiante o trader esperto! Questo indicatore è specializzato nel mostrare la forza della valuta per qualsiasi simbolo come coppie esotiche, materie prime, indici o futures. È il primo nel suo genere, qualsiasi simbolo può essere aggiunto alla nona riga per mostrare la vera forza della valuta di Oro, Argento, Petrolio, DAX, US30, MXN, TRY, CNH ecc. Si tratta di uno strumento di trading unico, di alta qualità e conveniente
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
There is No use in the Testing Demo. You will understand nothing from running flashing numbers. It is a Dashboard. Just try to understand idea, get it and I will help in everything further. Symbols must be separated by commas (,) and entered into the parameters exactly as displayed by your broker to ensure they are recognized in the dashboard. These symbols will be used for analysis by the indicator. With one click open any pair any timeframe directly from dashboard The MA Speedometer Dashboar
Vi presentiamo ON Trade Waves Patterns Harmonic Elliot Wolfe, un indicatore avanzato progettato per rilevare vari tipi di pattern sul mercato utilizzando metodi sia manuali che automatici. Ecco come funziona: Pattern Armonici: Questo indicatore è in grado di individuare pattern armonici che appaiono sul vostro grafico. Questi pattern sono fondamentali per i trader che praticano la teoria del trading armonico, come descritta nel libro di Scott Carney "Harmonic Trading vol 1 & 2". Che li disegniat
Shepherd Harmonic Pattern
Abdullah Alrai
4.68 (59)
Questo indicatore rileverà modelli armonici disegnati sul grafico mediante metodi manuali e automatici. Puoi consultare il manuale dell'utente tramite questo link: Aggiungi la tua recensione e contattaci per ottenerlo. C'è una versione gratuita per provare questo prodotto su MT4. Puoi usarlo per rilevare i modelli di Gartley e Nenstar: https://www.mql5.com/en/market/product/30181 Puoi acquistare la versione completa di MT4 da: https://www.mql5.com/en/market/product/15212 Note L'indicatore ha un
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Mehran Sepah Mansoor
5 (1)
Ottimizzate le vostre decisioni di trading con il nostro indicatore di forza e sentimento del mercato e non fate più trading controcorrente! Meticolosamente progettato per i trader seri che apprezzano informazioni accurate e tempestive, il nostro indicatore fornisce una visione a volo d'uccello delle 28 coppie principali in modo molto semplice. Questo strumento è in grado di classificare le coppie di valute in base alla popolarità, alla forza del trend rialzista o ribassista e alla percentual
All in One Trade
Alexey Minkov
4.48 (27)
The All-in-One Trade Indicator (AOTI) determines daily targets for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, GBPJPY, AUDUSD, and USDJPY. All other modules work with any trading instruments. The indicator includes various features, such as Double Channel trend direction, Price channel, MA Bands, Fibo levels, Climax Bar detection, and others. The AOTI indicator is based on several trading strategies, and created to simplify market analysis. All-in-One
PipFinite Channel Flow
Karlo Wilson Vendiola
4.67 (3)
Pipfinite creates unique, high quality and affordable trading tools. Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you. We want your good reviews, so hurry up and test it for free...we hope you will find it useful. Combo Channel Flow with Strength Meter Strategy: Increase probability by confirming signals with strength Watch Video: (Click Here) Features Detects ch
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MESA Spectrum
Christopher Kryza
The MESA Spectrum indicator calculates the power spectrum of a data series using the Maximum Entropy Spectrum Estimation method and produces a power spectrum plot. The Maximum Entropy algorithm, unlike a simple FFT transform, will include frequencies from the entire complex frequency plane and not just the Nyquist interval which, in general terms, means that it can resolve cycle periods that are larger than the data window passed to the function. In addition, MESA has the ability to fit very sha
MESA Cycles
Christopher Kryza
Version 1.05 - added option to use mouse to set the Data Offset (anchor). Just hold down your SHIFT key, then double-click anywhere on the chart, then release the SHIFT key and the anchor will be set to the bar nearest to your double-click. Version 1.04 - added fix for demo mode (i.e., operation in Strategy Tester). Use Open Prices Only and check Use Date (select a date range) The MESA Cycles indicator calculates the power spectrum of a data series using the Maximum Entropy Spectrum Estimation
The CCI Standard/Hidden Divergence indicator will plot the Commodity Channel Index (CCI), and will also identify and plot standard (regular) divergences between the indicator and the price action, OR it can be set to identify and plot hidden (reverse) divergences between the indicator and the price action. The divergences themselves are implemented as lines (default green for bullish divergence and red for bearish divergence) drawn in the indicator pane. If activated via the Inputs dialog, alert
The MACD Standard/Hidden Divergence indicator will plot the MACD, and will also identify and plot standard (regular) divergences between the indicator and the price action, OR it can be set to identify and plot hidden (reverse) divergences between the indicator and the price action. The divergences themselves are implemented as lines (default green for bullish divergence and red for bearish divergence) drawn in the indicator pane. If activated via the Inputs dialog, alerts will be generated when
The RSI Standard/Hidden Divergence indicator will plot the Relative Strength Index (RSI), and will also identify and plot standard (regular) divergences between the indicator and the price action, OR it can be set to identify and plot hidden (reverse) divergences between the indicator and the price action. The divergences themselves are implemented as lines (default green for bullish divergence and red for bearish divergence) drawn in the indicator pane. If activated via the Inputs dialog, alert
The Stochastic Standard/Hidden Divergence indicator will plot the stochastic (%K and %D), and will also identify and plot standard (regular) divergences between the indicator and the price action, OR it can be set to identify and plot hidden (reverse) divergences between the indicator and the price action. The divergences themselves are implemented as lines (default green for bullish divergence and red for bearish divergence) drawn in the indicator pane. If activated via the Inputs dialog, alert
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Versione 1.2 2018.11.27
Modifications to prevent alerts from triggering on initial load.