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For MetaTrader 4 For MetaTrader 5Stop missing divergence trades. This indicator automatically finds regular and hidden divergences and confirms entries with breakout signals, helping you avoid false setups and trade with more confidence.
Divergences are one of the most reliable trading setups, but they are hard to spot and don’t happen very often. This indicator helps by automatically finding both regular and hidden divergences, using your favorite oscillator. It works on any market and is easy to use.
You can load this indicator multiple times on the same chart with different oscillators. Each one works separately, without conflict. This gives you a broad and flexible market view.
To make signals more reliable, the indicator waits for a Donchian breakout to confirm the divergence before generating a trade signal. This reduces false signals and gives a much more trustworthy result, even though divergences naturally tend to repaint.
This indicator is a tool for technical analysis only and is designed to assist in chart interpretation. It does not constitute financial advice, investment recommendation, or any guarantee of results. Trading involves a high risk of loss and can result in the loss of your entire capital. Use this indicator at your own risk and only with money you can afford to lose. For complete details, please read our Terms and Conditions.
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Great product and great seller. The Divergence Indicator is top-notch. I also downloaded a free pivot tool and combined both into a solid trading system.
Excellent divergence indicator with safety arrows and take-profit and stop-loss levels.
I would highly recommend PZ Divergence to anyone who uses divergence in their trading. It's not perfect, but this indicator does have some versatility along with some limitations. It does repaint, but you need to understand divergence is a process—generally not a single candle. I have had the best success using the Zig Zag setting on 8, then waiting for a candle to close across the 15 EMA for confirmation that the price is going in the right direction. You may also want to combine divergence with support and resistance, and overbought/oversold levels for more confluence.
Great divergence indicator! Thank you.