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Multi oscillator divergence FREE

The indicator identifies when a divergence occurs between price and an oscillator. It identifies both bullish and bearish divergences.

Please check out my other divergence products:

Paid version of this product

Divergence scanner

Double divergence scanner

Divergence EA

Divergence dashboard


Features

  • Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI and Awesome. Only one oscillator can be selected per chart.
  • Draws solid lines for regular/classical (potential reversal) divergences and dotted lines for hidden (trend continuation) divergences. The lines are drawn on the chart as well as in the indicator window.


Parameters

  • Oscillator to use: Default is Stochastics. You can select from any of the above mentioned oscillators.
  • Max history bars: Bars back in time for which to draw divergences.
  • MACD OsMA AND AWESOME SETTINGS
    • Fast MA: Default is 12 (5 for Awesome).
    • Slow MA: Default is 26 (34 for Awesome).
    • Signal MA (not used for Awesome): Default is 9.
  • CCI, RSI AND RVI SETTINGS
    • Period: Default period is 14.
  • STOCHASTIC SETTINGS
    • K: Default is 5.
    • D: Default is 3.
    • Slowing: Default is 3.
  • Bullish line color: Color for bullish lines.
  • Bearish line color: Color for bearish lines.


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