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Double divergence scanner

This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and one or two oscillators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups.

It can be used in 3 ways:

  1. Set both Main and Second oscillator and leave the default value 'current' as Second timeframe. By doing this you will get alerts only when there is a double divergence on each timeframe which you have selected.
  2. Set both a Main and Second oscillator and set Second timeframe to for instance H4, or set 'One time frame higher' to True. By doing this you will only get alerts when there is a Second divergence also on the H4 time frame or on one time frame higher than the main divergence.
  3. Set only Main oscillator. By doing this you will get alerts when there is a divergence on the selected oscillator.

Please check out my other divergence products:

Divergence indicator

Divergence scanner

Divergence EA

Divergence dashboard


Features

  • Can detect divergences for the following oscillators: MACD, Stochastics, OsMA, RSI and CCI.
  • 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 timeframe, 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 separate screenshot 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.

I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisors on it.

Please note that due to the multifunctionality neither buy and sell advice nor lines and arrows will be drawn on the chart.


Parameters

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

Qun Li
290
Qun Li 2019.03.13 08:40 
 

Usuário não fez qualquer comentário quanto a classificação

Wan Ping Fei
433
Wan Ping Fei 2018.11.19 14:55 
 

Great indicator, I love it too...

Pip Collector
288
Pip Collector 2018.09.28 18:05 
 

Great indicator, I love it.

Jan Flodin is a nice guy who listen to his customer.

saeidnesta
87
saeidnesta 2018.07.23 20:49 
 

It's a good indicator, it's a little bit out of the question. Usually gives little signals, but fairly accurate. And of course, it should be upgraded, support is also good and explains. I vote for the signals. And must be upgraded.

4xharmonincs
485
4xharmonincs 2018.05.14 03:05 
 

been using for few days now on 5M 15M works awesome.... very nice not having to wait around looking for divergence trades... Great work Jan

Aravind
4213
Aravind 2018.05.08 04:10 
 

Thank you Jan Flodin for this indicator. I love trading divergence and to me double divergence is the perfect opportunity to confirm.

Versão 1.6 2018.10.31
- corrected an issue with the custom sound file alert
Versão 1.5 2018.10.12
- added possibility to select if to use the RSI filter on first, last or both extremums
Versão 1.4 2018.09.24
- added separate periods for RSI and CCI
Versão 1.3 2018.07.27
- it is now possible to set the candle shift for the divergence extremum candle
- added option to alert of the second divergence is one time frame higher than the main divergence
Versão 1.2 2018.05.15
- corrected issue with the indicator not drawing hidden divergence bullish lines in the strategy tester
- corrected issue with absence of alerts on D1 timeframe
Versão 1.1 2018.05.11
- added OsMA oscillator (oscillator of moving average)
- added possibility to set the width of the panel