Forex Divergence Trading Indicator & Multi TF Scanner MT4

Description

Divergence Trading Indicator & Scanner MT4 12.6
This product is a complete suite to trade divergences. The chart indicator finds divergences and raises trading signals using breakouts. It includes a multi-symbol and multi-time frame scanner indicator to find divergences across multiple instruments and time frames from a single chart.
Divergences are one of the most reliable and profitable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favorite oscillator. Its winning ratio is around 90%.
Finds regular and hidden divergences
Supports many well known oscillators
Implements trading signals based on breakouts
It displays suitable stop-loss and take-profit levels
Configurable oscillator parameters
Customizable colors and sizes
Filter divergences by size in bars
Implements performance statistics
Includes a multi-symbol and multi-time frame scanner
It implements email/sound/visual alerts
To offer a broad market perspective, the indicator can be loaded many times in the same chart using different oscillators, without interference. The indicator supports the following oscillators:
RSI
CCI
MACD
OSMA
Stochastic
Momentum
Awesome Oscillator
Accelerator Oscillator
Williams Percent Range
Relative Vigor Index
Money Flow Index
On Balance Volume
Since divergences can expand quite a bit -especially in the forex market-, this indicator implements a twist: it waits for a donchian breakout to confirm the divergence before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal
The indicator uses different colors to display different types of divergences:
Regular bullish divergences are
blue
Regular bearish divergences are
red
Hidden bullish divergences are
light blue
Hidden bearish divergences are
pink
Does the indicator repaint?
Yes, the indicator must repaint to accomplish its function. Divergences can expand and therefore the indicator must redraw to follow the divergence as it expands. However, trading signals are based on breakouts and are mostly non-repainting.
What kind of alerts does the indicator raise?
The indicator will raise an alert when a divergence is detected, and another type of alert when a breakout happens confirming a divergence. It is recommended to trade on the breakout alone, because divergences can expand.
What time frame should I trade?
Divergence signals tend to be more accurate on the longer time frames. You get less false signals. It is recommended to trade H4 and above.
Can I load the indicator many times using different oscillators?
Yes, you can. They won't interfere with each other.
Does the indicator implement alerts?
Yes, of all kinds.
Package include
Forex  Divergence indicator & Scanner
will be send to Paypal email or Ebay inbox.
DIGITAL DOWNLOAD ONLY
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