this indicator was great .I want to give 1000 star!
Multi oscillator divergence MT5
The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular and hidden 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, ADX, Composite 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 2 buffers which a developer can use with the iCustom() function in an Expert Advisor (EA). Buffer index 0 for bull signals and index 1 for bear signals. The value returned is the indicator value. The RSI filter (if enabled) will not work. You will have to build you own RSI filter in the EA if you plan to use it. There is a code example in the end of the blog on how to use iCustom().
Input parameters
Please find the description and explanation of the input parameters here.
Please also check out my other divergence products:


This indicator are very very great and smart, its catch almost 90% of divergence form but when you know how to use it properly for scalping strategy then this indicator I can say Perfect 100% !! Thanks Jan you are ROCK , GBU

Please add multicolor histogram EXAMPLE: http://www.profitf.com/wp-content/uploads/2015/03/MACD-color.jpg

Very interesting Indicator and Jan is a super Friendly & Dedicated Developer

This indicator are very very great and smart, its catch almost 90% of divergence form but when you know how to use it properly for scalping strategy then this indicator I can say Perfect 100% !! Thanks Jan you are ROCK , GBU

This indicator seems to be very promising, where it gives reliable entry signals and one can choose from a variety of different oscillators. I have been using it for a short time and so far I am very happy. Jan the developer, is also very friendly and easy to get in touch with. He helps out with his experience with regards to both choosing the best oscillator and preferred settings for different instruments. So far I would recommend this indicator. It is very easy to play around with all the different oscillators and settings for backtesting.
This is not a mandatory update if you are not using iCustom() calls in an own developed Expert Advisor.
- added the possibility to use another buffer (#4) for iCustom() calls. By using this buffer instead you will know if the divergence is of regular (classical) or hidden type. Code example at the end of the product's blog
- 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.
- added an option to disable drawing of lines and arrows if the RSI filter is enabled and the price it outside the RSI levels
- 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)
- added the possibility to show MACD main line as histogram instead of a line (same as in the Metatrader native MACD indicator)
- added support for OBV, ATR and Composite Index divgergences
- added an option to select if divergence candle must close at least xx % away from the high/low price
- added the possibility to disable scanning of bullish or bearish divergences
Very interesting Indicator and Jan is a super Friendly & Dedicated Developer