Divergence Metatrader Indicators
Divergence Indicator free download
Divergence is measuring of price action in relation with an oscillator indicator. The type of oscillator doesn’t matter you can use any oscillator including MACD, RSI, Stochastic, CCI, etc. Divergence act as leading indicator informing ahead of time either the trend will continue or fade. Using divergence you will be buying near the bottom and selling near the tops, thus you greatly enhance your profit potential and decrease risk on trades.
With a little bit of practice you can master divergence and it will become easy for you to spot divergence.
If the price is making higher highs, the oscillator should also make higher highs. And if the price is making lower lows the oscillator should also make lower lows. If they don’t then we say that the price and oscillator is diverging from each other.
There are two type of divergence i.e. Regular and Hidden divergence.
Regular divergence usually triggers trend reversal.
If the price action is making lower lows but the oscillator is making Higher Lows then we say it a regular divergence, and is a signal for trend reversal.
If the price action is making Higher Highs but the oscillator is making Lower High then we say it a regular divergence, and is a signal for trend reversal.
Hidden divergence usually triggers trend continuation.
If the price action is making higher lows but the oscillator is making lower Lows then we say it a hidden divergence, and is a signal for bullish trend continuation.
If the price action is making lower highs but the oscillator is making higher high then we say it a hidden divergence, and is a signal for bearish trend continuation.
divergence to be an indicator, not a signal to enter a trade
1- Download the Rsi-Divergence.zip file.
2- Unzip the file. It contains the RSI Divergence.ex4 indicator file.
3- Go to your MetaTrader installation
folder and then /experts/indicators and paste the indicator there.
4- Restart your MT4
station.
5- Open a chart and go to Insert -> Indicators -> Custom -> RSI Divergence.
Once you do that, you get the Parameters Box for the Indicator and specify the paramaters you want. The default period for the RSI indicator is 14,
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update 24/02/2020
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Write a comment
nabeel (Saturday, 15 March 2014 06:07)
how i can get it ?
leo (Monday, 19 May 2014 18:44)
sendors available
me all te diverence indicat
Krish (Thursday, 26 April 2018 09:30)
Hi, when does the indicator appear on the charts in terms of lag?? i.e. does the indicator appear at the end of the candle or after the next/couple of candles??
Oli55 (Monday, 26 November 2018 09:47)
What do you mean how can you get it?
I was able to download all of the indicators.
Hung (Sunday, 30 August 2020 06:26)
Hello, have a good day. I am looking for a divergence tool like "PZ_DivergenceLite" but multi timeframes, can you help me?
Premkumar (Thursday, 15 October 2020 05:14)
Hi,
I have downloaded the Stochastic Divergence tool but seems like it's not reflecting in MT4. Pls help me to install and to find it in MT4. Kindly notify me through mail to know about your reply. prem200483@gmail.com
Thanks and Regards,
Premkumar