Introduction to the OBV Divergence Indicator The OBV Divergence indicator is, as the name suggests, a forex trading tool that shows On Balance Volume divergences. When you load up the indicator into charts you should still adjust its settings. There are two options you will need to turn on. Set both the drawIndicatorsTrendlines and drawPriceTrendLines…
Tag: divergence indicators
Wildhog Indicator
Introduction to the Wildhog Indicator The Wildhog indicator is a custom forex oscillator. It shows an overbought/oversold market levels, as well as it recognizes divergences. The indicator is plotted both directly on the main trading chart and in the sub-window placed below. We suggest to use it as a filter for opening and exiting transactions.…
NXC Slope Divergence Indicator
Introduction to the NXC Slope Divergence Indicator The NXC Slope Divergence Indicator is a slope indicator based on the divergence between price and NXC trading indicator. This indicator is displayed both on chart and in a separate window place just below the main trading chart. It fits all kinds of timeframes and currency pairs. The…
Divergence Recognition Indicator
The Divergence Recognition Indicator is a custom forex indicator for Metatrader 4 (MT4) that automatically recognizes and displays divergences. The indicator itself is located in a sub-window placed just below the main trading chart, but the divergence trend lines are put in both places. MT4 Divergence Recognition Indicator Attributes: Currency pairs: any, but majors recommended…
Regular RSI Divergence Indicator
Introduction to the Regular RSI Divergence Indicator The Regular RSI Divergence indicator is a custom forex indicator based on the Relative Strength Index (RSI). It displays its signals in the form of histogram bars. It fits all kinds of timeframes and currency pairs. The indicator is displayed in a separate window placed just below the…
Knoxville Divergence Indicator MT4
Introduction to the Knoxville Divergence Indicator The Knoxville Divergence Indicator is a forex indicator for Metatrader 4 (MT4), that scans charts and displays divergences. Please note, Knoxville Divergences are quite rare, so you won’t find them very often on your charts, but when they occur, they can be very powerful. It is a counter-trend indicator,…
EFC Indicator
The EFC Indicator basic concept is to open position as a reversal trend is detected. As soon as RSI divergence is detected, the indicator puts buy/sell stop order at the level, which the price should reach to be sure the new trend starts. Since this EFC indicator works that same way as the RSI 80-20…
RSI Divergence Indicator MT4
Introduction to the RSI Divergence Indicator The RSI Divergence Indicator is a forex technical indicator for MT4 that shows a divergence between price and the Relative Strength Indicator. The classical RSI indicator is an oscillator that signals the two extremes of the market: oversold and overbought levels. Using the classic 14-period RSI, the sell signal…
Forex Mystery
Forex Mystery is a set of trading tools that are capable to solve many forex mysteries. Main ingridients of this strategy are: Candlestick Pattern Recognizer Forex Candlestick Tactics Divergence Pattern Recognizer Divergence Master Trader In the package forexmystery.rar you will find following files : CandlestickPatternRecognizer.mq4 IntelligentEA.mq4 IntelligentEA.pdf DivergenceMasterTrader.pdf ForexCandlestickTactics.pdf MagicForexCandlesticks.pdf MagicForexDivergence.pdf Bottom Line The Forex…