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REGISTER PARTICIPANTS Indicator Double Divergence Scanner Mt4

Discussion in 'Technical Indicators MetaTrader 4' started by James Goldman, Nov 1, 2020.

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  1. James Goldman

    James Goldman Moderator
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    Double divergence scanner

    #doubledivergencescanner

    double-divergence-scanner-logo-200x200-4459.png

    This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price
    and one, two or three indicators/oscillators. It identifies both regular/classical (trend reversal) and hidden (trend continuation)
    divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. The indicator
    can write the signals to a file which can be used by an Expert Advisor for auto trading. For instance You are not allowed to view links. Register or Login
    product<.


    It can be used in 3 ways:

    • Set both main and second/third indicator/oscillator and leave the default value 'current' as Second timeframe. By doing this you will
      get alerts only when there is a double divergence on each timeframe which you have selected.
    • Set both main and second/third indicator/oscillator and set the time frame for second/third divergence to for instance H4, or set 'One
      time frame higher' to True. By doing this you will only get alerts when there is a second/third divergence also on the H4 time frame or on
      one time frame higher than the main divergence.
    • Set only main indicator/oscillator. By doing this you will get alerts when there is a divergence on the selected
      indicator/oscillator.
    Features

    • Can detect divergences for the following oscillators/indicators: MACD, Stochastics, OsMA, RSI, CCI, Awesome, ADX, ATR,
      OBV, MFI, Momentum and Composite Index
      .
    • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor
      the entire market.
    • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a divergence has been identified.
    • The indicator includes an interactive panel. Please see separate screenshot for explanation.
    It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.

    Please note that due to the multi-time frame functionality, this indicator will not draw lines and arrows or sell and buy advice on the
    chart where the indicator has been installed. For this purpose you need to create a chart template with my free You are not allowed to view links. Register or Login
    indicator<.


    I recommend to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisors on
    it.


    Input parameters

    Please find the description and explanation of the input parameters You are not allowed to view links. Register or Login

    Please check out my other divergence products:

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    indicator<

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    scanner<

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    dashboard<

    double-divergence-scanner-screen-1890.png double-divergence-scanner-screen-1784.png double-divergence-scanner-screen-8293.png double-divergence-scanner-screen-5196.png double-divergence-scanner-screen-2999.png

     

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