Description
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.
- Easy to trade and interpret
- Detects regular and hidden divergences
- Works with many popular oscillators
- Uses breakouts to confirm trade signals
- Shows suggested stop-loss and take-profit levels
- Lets you adjust oscillator settings as needed
- Customize colors and line sizes on the chart
- Filter divergences by their size (in bars)
- Displays performance statistics for all trades
- Sends alerts by email, sound, push, or on-screen
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.
Supported Oscillators
- RSI (Relative Strength Index)
- CCI (Commodity Channel Index)
- MACD (Moving Average Convergence Divergence)
- OSMA (Oscillator of Moving Average)
- Stochastic
- Momentum
- Awesome Oscillator
- Accelerator Oscillator
- Williams Percent Range (WPR)
- Relative Vigor Index (RVI)
- Money Flow Index (MFI)
- On Balance Volume (OBV)
- Rate of Change (ROC)
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.
Input Parameters
- Amplitude – The zig-zag period used to detect divergence points.
- Oscillator – Select the oscillator to use on the chart.
- Breakout period – Number of bars to use when confirming the signal with a breakout.
- Divergence types – Choose to show regular divergences, hidden divergences, or both.
- Min divergence size in bars – Minimum length in bars for a divergence to be shown.
- Max divergence size in bars – Maximum length in bars for a divergence to be shown.
- Max history bars – Number of past bars the indicator will evaluate when it loads
- RSI period
- CCI period
- WPR period
- Momentum period
- Stochastic periods
- MACD settings
- RVI period
- ROC period
- Drawing Settings – Choose the colors and thickness for the divergence lines.
- Alerts – Turn alerts on or off, and set a custom message for alert notifications.
