This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing 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. For instance this product.

Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

• Can detect divergences for the following oscillators/indicators: MACD (signal line or main line (histogram)), Stochastics, OsMA, RSI, CCI, RVI, Awesome (AO), OBV, ADX, ATR, MFI, Momentum and Composite Index. Only one oscillator can be selected.
• 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 time frame, 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 the blog 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.

Input parameters

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

Please also check out my other divergence products:

Divergence indicator

Double divergence scanner

Divergence dashboard

Divergence Expert Advisor (free)