Stochastic Divergence Indicator
Stochastic Divergence Indicator is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.
Stochastic Divergence Metatrader Indicator shows fractal divergence by Stochastic indicator. When divergence arises between Stochastic indicator and the price it means forthcoming end of current trend. The signal to buy comes when new Low-fractal is below the previous one, and corresponding Stochastic meaning is above the previous one The signal to sell comes when new Up-fractal is above the previous one and the corresponding Stochastic meaning is below the previous one. The indicator has a lot of customizable settings.
Hidden bullish divergence happens when price is making a higher low, but the oscillator is showing a lower low. This can be seen when the pair is in an uptrend. Once price makes a higher low, look and see if the oscillator does the same. If it doesn't and makes a lower low, then we've got some hidden divergence.
Hidden bearish divergence, when price makes a lower high, but the oscillator is making a higher high. This occurs in a downtrend. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.