Divergence

Divergence

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The indicator displays the situation when the direction of price movement and technical indicators does not coincide. It is appeared most often when the indicator reaches overbought or oversold zones (20;80).

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 11.10.2007.

 

MT5 Indicator – Download Instructions

Divergence is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Divergence provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Divergence.mq5?

  • Download Divergence.mq5
  • Copy Divergence.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Divergence.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Divergence.mq5 is available on your Chart

How to remove Divergence.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

Divergence

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