Hi, I am Jan, developer of this indicator.

Please feel free to ask me anything about this, or my other products.

Regards,

Jan

Hi and thanks for your message.

MACD, OsMA and Stochastics (10,3,3) seem to be the most productive oscillators. USDCHF can also be used with CCI divergence. I am more of a swing trader. Due to the fact that I have a regular full-time work I just don't have the time and ability to concentrate on intraday trading (on lower timeframes like the ones you suggested). For this reason I trade only on time frames H4 and larger. For sure you will be able to trade divergences also on M1 up to M15. But it will be for scalping purposes which means a that you will never get a proper risk/reward ration. My long time experience is that trading this way might work for a couple of week but not a solution in the long term.

I always recommend having the value in the 'Divergence candle shift' paramter set to 2 (confirmed divergence, alert 2 candles later) in my indicators. When having Candle shift set to 1 (pending/unconfirmed divergence) the indicator is not alerting directly on opening of the next candle but always waits for the slope in the indicator window to change direction (= the price must show some sign of reversing). When that happens you will get a so called intracandle alert. Trading directly on candle open (Cande shift 0) is dangerous and is more intended for scalping and VERY experienced divergence traders. Moreover you will get a lot of repaints (repeated alerts).

Trading regular divergences demands more experience from the trader. As I start to understand you don't have so much experience with divergences. It is a good idea to monitor a trend line breakout in combination with the divergence. I know that many traders are successul with trading hidden (trend continuation) divergences. Here is an article which describes trend lines breakouts in combination with a hidden divergence:

https://www.orbex.com/blog/en/2017/06/simple-technique-improve-trend-line-breakouts 

Hidden divergences should be traded in combination with Moving average (MA). You can use a MA filter with my scanner. A typical setup could be to trade H1 and higher and set slow MA to 200 and fast MA to 34 and set the MA time frame to one time frame higher then the scanning time frame. The best oscillator for hidden is Stochastics or OBV.

Personally a focus on divergences when they occur at a strict V formation (double top/bottom) and in a overough/oversold condition and also at or close to a supply/demand zone (for this purpose I am using this indicator: https://www.mql5.com/en/market/product/20582

Divergences which occur at such levels are very strong setups. The screenshot below shows a strict (sharp) V formation which I typically trade when there is a MACD divergence followed by some kind of indecision/rejection formation. In this case a pin bar. I take the trade when a regular (classical) divergence occurs at such a zone and price is showing signs of stalling and for instance the ADX indicator has a value below 30. A good sign is if there is a double divergence and/or a divergence which has been repeated on the last 2 candles (for this you will need to use Candle shift 0). I set stop loss under/over the outer zone border with a 8% ADR (average daily range) offset. We can take the example that a pair has a 20 day ADR of around 100 pips. 8% of that is 8 pips. I set take profit according to my own analysis. 

Finally 2 good articles and a video for studying:

https://www.mql5.com/en/articles/3686

https://www.mql5.com/en/articles/5703

https://www.youtube.com/watch?app=desktop&v=Og5x_chXF2I

At the moment I don't have more information. But please don't hesitate to contact me with any questions you might have. I will be glad to assist :-)

Best regards,

Jan

Hi and thanks for using my Divergence indicator :-)

You will be able to get the alerts one candle earlier by setting the value in the 'Divergence candle shift' to 0 (the default value is 2). This is also explained in the product description.

Best regards,

Jan

Hi and sorry for late answer. MQL5 have a long time problem with the notification system. I did not see your message until today:

https://www.mql5.com/en/forum/377063

This indicator will repaint since divergences can expand quite a bit, especially in the Forex market.

Best regards,

Jan

Hi and sorry for late answer. MQL5 have a long time problem with the notification system. I did not see your message until today:

https://www.mql5.com/en/forum/377063

You will be able to download the indicator by clicking on the Download button in the left side of the product description.

Best regards,

Jan

would it be possible to click ( cycle) throught the various divergence indies instead of stop- change- test- stop- change indies etc

would Buttons help here?

thanks -- good indicator 

Hi Jan,

Thank you for making the divergence indicator!

Could you add an option to hide showing the divergence lines on bar chart? Seeing the lines on the indicator oscillator is enough for me, and the lines on the cantles cause too much clutter there (I have moving average, support/resistance lines on candles etc).

Hi and thanks for using my Divergence indicator :-)

I will write you a private message here on MQL5 in a short while and we will continue from there.

Best regards,

Jan

Good night, I would like to know if he repaints (repaints)?

Hello,

since divergences can expand quite a bit, especially in the Forex market, this indicator can repaint. That is why I recommend keeping the value in the 'Divergence candle shift' input parameter to 2 in order to get a stronger confirmation of the divergence.

Best regards,

Jan

Hello Jan

Could you tell me what is the difference between Multi Indicator Divergence and Multi Oscillator Divergence please ?

I'm using Multi Indicator Divergence Free and it is very usefull. I'm wonder if you have develloped an EA based on this indicator ?

Thank you for your answer

Hello Olivier and thanks for using my Divergence indicator :-)

The paid version supports alert, has trend filters and offers some other filters and breakout options. Also, an EA comes bundled with the paid version. I am also offering another free Divergence EA:

https://www.mql5.com/en/market/product/62167

Best regards,
Jan

In the product's blog you can now compare the features in the free version vs. the paid version. The green marked items are available in the free version.

Hi and thanks for using my Divergence indicator :-)

To pass in another symbol you will need to use it like this: "iCustom("nameofsymbol", 0, "Market\\Multi indicator divergence.ex4".

Best regards,

Jan