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Divergence Indicator

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  • Divergence Indicator

    If the blue bar is directed upwards, the price will also go up. Downwards - likewise.

    Dots indicate the identified peaks (fractals) of the specified indicator.

    Red bars are the maximum peaks (weak signal that the price will "roll back" and slightly move against the trend)

    i-Divergency.mq4 - divergence based on stochastic

    i-DivMACD.mq4 - divergence based on MACD

    If you want to analyze any other indicators - replace the line
    Stochastic[CurBuffer]=iStochastic(NULL,0,5,3,3,MODE_EMA,0,MODE_MAIN,Cur rentCandle);
    with the required one
    Click image for larger version

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