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Multi oscillator divergence

The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups.

Features

  • Can detect divergences for the following oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome,  ADXComposite index, ATR, OBV, MFI and Momentum. Only one oscillator/indicator can be selected.
  • Draws solid lines for regular/classical (potential reversal) divergences and dashed lines for hidden (trend continuation) divergences. The lines are drawn on the chart as well as in the indicator window.
  • Sends an alert when a divergence has been detected.
  • Contains 1 buffer which a developer can use with the iCustom() function in an Expert Advisor (EA). The buffer index is 4 and the shift is always 0. Code example and the buffer return values can be found at the end of the blog.

Input parameters

Please find the description and explanation of the input parameters here.


Please check out my other divergence products:

Divergence scanner

Double divergence scanner

Divergence dashboard


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CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a wort
148 USD
Monster Harmonic Indicator
Paul Geirnaerdt
Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and several other patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone). Users can add their own user defined patterns to Monster. Besides the current pattern, Monster also shows all patterns in the symbols history. Monster will provide alerts for developing patterns. Introduced
99 USD
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Responder ao comentário
Versão 2.6 2020.07.17
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- 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. Please be aware of the fact that the new logic also comes with a performance cost. Something which will be more visible on slower computers.
Versão 2.5 2020.05.29
- bug fix in the strict mode logic
- added an option to disable drawing of lines and arrows if the RSI filter is enabled and the price it outside the RSI levels
Versão 2.4 2020.02.15
- added an option to embed a custom alert text into the alert
- upon request I have added the possibility to scan for "early" divergences. This means that the alert will come directly upon candle open instead of waiting for the slope in the indicator to change direction (candle shift 1 or 2). Candle shift must be set to 0 for this to work. Please be aware though that this will lead to more false signals (repaintings)
Versão 2.3 2019.11.10
- fixed an issue with saving the color settings for the indicator level lines
- Replaced the parameter 'Wait for candle close' with new parameter 'Divergence candle shift'. Value 1 = previous parameter set to False and value 2 was value True. You can also set a higher value than 2.
Versão 2.2 2019.10.31
- added support for MACD signal line, MFI and Momentum divergences
- added the possibility to show MACD main line as histogram instead of a line (same as in the Metatrader native MACD indicator)
Versão 2.1 2019.10.14
- fixed a problem which sometimes occured when using the indicator in the Strategy tester
Versão 2.0 2019.09.18
- added support for ATR and OBV divergence
Versão 1.9 2019.09.06
- added an option to select if divergence candle must close at least xx % away from the high/low price
Versão 1.8 2019.08.27
- fixed an error in the buffer used by the iCustom() function, which can be used by an Expert Advisor
Versão 1.7 2019.08.25
- added an option to use strict mode for price or indicator levels. When this has been enabled then the levels between the both extremums are not allowed to be higher/lower then the first or last extremum candle or indicator level. Please see the first screenshot under the product description
Versão 1.6 2019.08.15
- bug fix in the custom indicator levels function
Versão 1.5 2019.08.13
- corrected a bug in version 1.4
Versão 1.4 2019.08.13
- add scanning for ADX and Composite Index divergences
- added a possibility to set custom line level values in the indicator window for Stochastics and RSI
- added support for iCustom() to be used with an Expert Advisor
- added apossibility to disable scanning of bullish or bearish divergences
Versão 1.3 2019.02.07
- added the possibility to use RSI filter
- added the possibility to set max bars to check between extremums
Versão 1.2 2018.04.18
- added possibiltity to set max history bars
- added option to scan for only hidden or regular divergences
Versão 1.1 2018.01.16
- added the Awesome oscillator