• Обзор
  • Отзывы (9)
  • Обсуждение (35)
  • Что нового

Double divergence scanner

This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators/oscillators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups.  The indicator can write the signals to a file which can be used by an Expert Advisor for auto trading.

It can be used in 3 ways:

  1. Set both main and second/third indicator/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 main and second/third indicator/oscillator and set the time frame for second/third divergence 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/third divergence also on the H4 time frame or on one time frame higher than the main divergence.
  3. Set only main indicator/oscillator. By doing this you will get alerts when there is a divergence on the selected indicator/oscillator.

Features

  • Can detect divergences for the following oscillators/indicators: MACD, Stochastics, OsMA, RSI, CCI, Awesome, ADX, ATR, OBV, MFI, Momentum and Composite Index.
  • 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.


Input parameters

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


Please check out my other divergence products:

Divergence indicator

Divergence scanner

Divergence EA

Divergence dashboard

    Отзывы 9
    golathmim
    262
    golathmim 2019.11.27 08:10 
     

    Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

    Wan Ping Fei
    1612
    Wan Ping Fei 2018.11.19 14:55 
     

    Great indicator, I love it too...

    Pip Collector
    340
    Pip Collector 2018.09.28 18:05 
     

    Great indicator, I love it.

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

    Рекомендуем также
    Фильтр:
    suresh2425
    91
    suresh2425 2020.06.15 04:33 
     

    Product is ok . I hope next update will include MACD histogram divergence , engulfing and pin bar filters.

    MerryGate inc
    28
    MerryGate inc 2020.04.20 14:57   

    I can't see my signature.

    golathmim
    262
    golathmim 2019.11.27 08:10 
     

    Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

    Qun Li
    611
    Qun Li 2019.03.13 08:40 
     

    Пользователь не оставил комментарий к оценке

    Wan Ping Fei
    1612
    Wan Ping Fei 2018.11.19 14:55 
     

    Great indicator, I love it too...

    Pip Collector
    340
    Pip Collector 2018.09.28 18:05 
     

    Great indicator, I love it.

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

    [Удален] 2018.07.23 20:49   

    Пользователь не оставил комментарий к оценке

    [Удален] 2018.05.14 03:05   

    Пользователь не оставил комментарий к оценке

    Aravind
    6180
    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.

    Версия 2.6 2020.09.15
    - added separate fast and slow MA settings for Awesome.
    Версия 2.5 2020.09.13
    *** 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.

    - added Bollinger and Stochastics filter options as an alternative to the RSI filter.
    Версия 2.4 2020.06.03
    - 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.
    Версия 2.3 2019.11.06
    - added the possibility to write the signals in the panel to a file. Could for instance be used by an Expert Advisor for automatical trading.
    Версия 2.2 2019.10.30
    - added support for checking a higher time frame also if 'Enable single divergence' has been set to True.
    Версия 2.1 2019.10.28
    - added scanning for MFI, Composite index and Momentum divergences
    - addded the possibility to scan also for triple divergence
    Версия 2.0 2019.10.14
    - added the possibility to set a custom code page to support unicode extended characters (pound sign etc.) in symbol names
    - added scanning for ATR and OBV divergences
    Версия 1.8 2019.08.12
    - added a possibility in the RSI filter to select another time frame than the one currently scanned
    - added a possibility to use an additional moving average trend filter
    - added an option to scan for ADX divergences
    Версия 1.7 2019.05.19
    - it is now possible to select to scan all visible symbols from the Market Watch window instead of using the 'Symbols' input
    parameter.

    - added the AWESOME (AO) oscillator
    Версия 1.6 2018.10.31
    - corrected an issue with the custom sound file alert
    Версия 1.5 2018.10.12
    - added possibility to select if to use the RSI filter on first, last or both extremums
    Версия 1.4 2018.09.24
    - added separate periods for RSI and CCI
    Версия 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
    Версия 1.2 2018.05.15
    - исправлено отображение скрытых бычьих линий дивергенции в тестере стратегий
    - исправлено отсутствие алертов на таймфрейме D1
    Версия 1.1 2018.05.11
    - добавлен осциллятор OsMA (осциллятор скользящей средней)
    - добавлена возможность установить ширину панели