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Double divergence scanner

4.13

This multi indicator/oscillator (hereafter indicator), multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators. 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. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

It can be used in 3 ways:

  1. Set both main and second/third indicator and leave the default value 'current' as Second time frame. By doing this you will get alerts only when there is a double divergence on each time frame which you have selected.
  2. Set both main and second/third indicator 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.
  3. Set only main indicator. By doing this you will get alerts when there is a divergence on the selected indicator.

Features

  • Can detect divergences for the following indicators: MACD, Stochastics, OsMA, RSI, CCI, Awesome (AO), 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.
  • Can monitor every time frame, from M1 to MN, and sends you a real-time alert when a divergence has been identified. All Metatrader native alert types are supported.
  • Can also be used in single chart mode (scanning only current chart).
  • The indicator includes an interactive panel. Please see separate screenshot for explanation.
  • The indicator can write the signals to global variables or a file which can be used by an Expert Advisor for auto trading.

Input parameters

Please find the description and explanation of the input parameters here.

Important

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 divergence indicator. It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.


Bewertungen 11
pejon9999
353
pejon9999 2021.02.07 10:43 
 

I'm testing for a while, but it looks very interesting, I'm a beginner, I must first understand. The support from Mr. Jan is excellent

golathmim
329
golathmim 2019.11.27 08:10 
 

Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

Wan Ping Fei
1690
Wan Ping Fei 2018.11.19 14:55 
 

Great indicator, I love it too...

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Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange,   XQ Forex Indicator   empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The
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Oleg Rodin
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Eine Intraday-Strategie, die auf zwei Grundprinzipien des Marktes basiert. Der Algorithmus basiert auf der Analyse von Volumina und Preiswellen mit zusätzlichen Filtern. Der intelligente Algorithmus des Indikators gibt nur dann ein Signal, wenn sich zwei Marktfaktoren zu einem vereinen. Der Indikator berechnet Wellen eines bestimmten Bereichs auf dem M1-Diagramm unter Verwendung der Daten des höheren Zeitrahmens. Und um die Welle zu bestätigen, verwendet der Indikator eine Volumenanalyse. Dieser
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Trendlinien sind das wichtigste Werkzeug der technischen Analyse im Devisenhandel. Leider zeichnen die meisten Händler sie nicht richtig. Der automatische Trendlinien-Indikator ist ein professionelles Tool für ernsthafte Trader, das Ihnen hilft, die Trendbewegung der Märkte zu visualisieren. Es gibt zwei Arten von Trendlinien Bullische Trendlinien und Bärische Trendlinien. Im Aufwärtstrend wird die Forex-Trendlinie durch die niedrigsten Swing-Punkte der Preisbewegung gezogen. Wenn man m
Break and Retest
Mohamed Hassan
4.12 (17)
This Indicator only places quality trades when the market is really in your favor with a clear break and retest. Patience is key with this price action strategy! If you want more alert signals per day, you increase the number next to the parameter called: Support & Resistance Sensitivity.  After many months of hard work and dedication, we are extremely proud to present you our  Break and Retest price action indicator created from scratch. One of the most complex indicators that we made with ove
AW Trend Predictor
AW Trading Software Limited
4.74 (39)
Die Kombination von Trend- und Aufschlüsselungsebenen in einem System. Ein fortschrittlicher Indikatoralgorithmus filtert Marktrauschen, bestimmt den Trend, Einstiegspunkte sowie mögliche Ausstiegsniveaus. Indikatorsignale werden in einem Statistikmodul aufgezeichnet, das es Ihnen ermöglicht, die am besten geeigneten Tools auszuwählen, die die Wirksamkeit der Signalhistorie zeigen. Der Indikator berechnet Take-Profit- und Stop-Loss-Marken. Handbuch und Anleitung ->   Hier   / MT5-Version ->   H
TPSpro RFI Levels
Roman Podpora
4.83 (24)
Reversal First Impulse levels (RFI)    INSTRUCTIONS        RUS       -       ENG              R ecommended to use with an indicator   -   TPSpro  TREND PRO -  Version MT5 A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Main functions: Displaying activ
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Tumelo Patrick Rakotsoane
4.6 (48)
Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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Dieser Multi-Time-Frame- und Multi-Symbol-Indikator kann die folgenden 5 Kreuze identifizieren: wenn ein sich schnell bewegender Durchschnitt eine Linie des langsamen gleitenden Durchschnitts kreuzt. wenn der Preis einen einzelnen gleitenden Durchschnitt erreicht hat (oben/unten geschlossen oder gerade abgesprungen). wenn eine Triple Moving Average Formation aufgetreten ist (alle 3 MA:s in aufeinanderfolgender Ausrichtung) wenn die MACD-Hauptlinie die Signallinie kreuzt. wenn die Signallinie die
The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies both regular and hidden divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following oscillators/indicators:   MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ADX, ATR, OBV, Composite index, MFI and Momentum. Only one oscillator/indicator can be selected. Draws
FREE
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. Combined with your own rules and techniques, this indicator wi
Der Indikator identifiziert, wenn eine Divergenz zwischen dem Preis und einem Oszillator/Indikator auftritt. Es identifiziert sowohl reguläre als auch versteckte Abweichungen. Es verfügt über eine RSI-Filteroption, die es ermöglicht, nur die stärksten Setups herauszufiltern. Der Indikator bietet auch Optionen zum Warten auf eine Engulfing-Formation, den Ausbruch des Donchian-Kanals oder bis der Preis einen gleitenden Durchschnitt überschreitet   (siehe Screenshot Nr. 3).       um die Divergenz z
Dieser Indikator mit mehreren Zeitrahmen und mehreren Symbolen identifiziert doppelte Top/Boden-, Kopf- und Schulter-, Wimpel-/Dreiecks- und Flaggenmuster. Es ist auch möglich, Alarme nur dann einzurichten, wenn ein Nackenlinien-/Dreiecks-/Fahnenmast-Ausbruch aufgetreten ist (Nackenlinien-Ausbruch = bestätigtes Signal für Top/Bottoms und Head & Shoulders).       Der Indikator kann auch im Single-Chart-Modus verwendet werden. Bitte lesen Sie mehr über diese Option in den Produktinformationen    
Ich empfehle Ihnen, den   Blog (Handbuch) des Produkts   von Anfang bis Ende zu lesen, damit von Anfang an klar ist, was der EA bietet. Dieser Expert Advisor erkennt, wann eine Divergenz zwischen dem Preis und einem Oszillator/Indikator auftritt. Es identifiziert sowohl reguläre/klassische (Trendumkehr) als auch versteckte (Trendfortsetzung) Divergenzen. Es verfügt über Angebots-/Nachfragezone, RSI, Bollinger, Stochastik, gleitenden Durchschnitt (regulärer MA und Hull MA), ADX und Volumenfilter
Please if possible consider the  paid version  which I will continue to develop (there will be no future updates for this free version). This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI, bollinger, stochastics, moving average and ADX filter options which makes it possible to filter out only the strongest setups. The default settings ar
FREE
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out on
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This indicator for Metatrader 4 identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout or for p
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. It is possible to use RSI, divergence (MACD, OsMA, RSI or Awesome) a
This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one or more bars in order to confirm the color (trend) change. Input parameters Candle shift for alert: Default is 1. Setting it to 0 will alert you on color change on the current candle. This should be regarded as a pending (uncon
FREE
The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following indicators/oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and   Composi
FREE
This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.
FREE
I recommend you to read the  product's blog  (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor (EA) is designed to trade on a rapid price movement following a news event. The EA trades multiple symbols from one single chart which must be a EURUSD H1 chart. It it advisable to remove all symbols you don't trade from the Market Watch to reduce the overall data demand. The 'Auto settings' input parameter value True must only be used you have s
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers RSI, pin bar, engulfing, tweezer, morning/evening star filters as well divergence filter options which makes it possible to filter out only the strongest setups. The indicator can also be used
I recommend you to read the  product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. 
Bitte erwägen Sie nach Möglichkeit den Kauf       MT5-Version   , die ich weiter entwickeln werde (es wird keine zukünftigen Updates für diese MT4-Version geben). Ich empfehle Ihnen auch, die zu lesen       Produkt-Blog   (Handbuch) von Anfang bis Ende, damit von Anfang an klar ist, was EA bietet. Die Hauptstrategie dieses Expert Advisors (EA) besteht darin, Trades zu platzieren, wenn 3 gleitende Durchschnitte (MA) in aufeinanderfolgender Ausrichtung und in einem bestimmten Abstand voneinander
This multi indicator/oscillator (hereafter indicator), multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators. 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. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerfu
Dieser Multi-Timeframe- und Multi-Symbol-Indikator scannt nach Pin-Bars, Morgen-/Abendsternen, Engulfings, Tweezers, Three Line Strikes, Inside Bars und Wimpel und Dreiecken.   Der Indikator kann auch im Single-Chart-Modus verwendet werden. Bitte lesen Sie mehr über diese Option in den Produktinformationen       bloggen   .       In Kombination mit Ihren eigenen Regeln und Techniken ermöglicht Ihnen dieser Indikator, Ihr eigenes leistungsstarkes System zu erstellen (oder zu verbessern). Merkmale
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers filters for RSI overbought/oversold, candle patterns (pin bar, engulfing, tweezer, morning/evening star, three line strike) and divergences (MACD, OsMA, Awesome (AO), RSI, CCI, Stochastic) whic
Dieser Indikator mit mehreren Zeitrahmen und mehreren Symbolen erkennt, wann die Stochastik-Signallinie die Stochastik-Hauptlinie kreuzt. Alternativ kann es auch alarmieren, wenn die Stochastik einen überkauften/überverkauften Bereich verlässt (ohne dass die Signallinie die Hauptlinie kreuzt). Als Bonus kann es auch nach Bollinger-Bändern und überkauften/überverkauften RSI-Kreuzungen suchen. In Kombination mit Ihren eigenen Regeln und Techniken können Sie mit diesem Indikator Ihr eigenes leistun
This indicator recognizes a special type of Inside Bar formation which is formed by a big Master candle followed by 4 smaller candles (please see the strategy explanation below). Features Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / popup / email / push notification. On
Features This is an indicator that recognizes a special type of Inside Bar formation which is formed by a Master candle followed by 4 smaller candles (please see the strategy explanation below). Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / pop-up / email / push notifica
I recommend you to read the   product's blog  (manual) from start to end so that   it is clear from the beginning what the indicator offers. This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter
This multi symbol indicator has been designed to automatically identify when price reaches major psychological levels. Also known as round numbers, whole numbers or key levels. As a bonus it can also scan for pivot point level on one selected time frame. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can write the signals to a file which can be used by an Expert Advisor for auto trading. Can monitor all symbol
This multi time frame and multi symbol indicator alerts about Heiken Ashi Smoothed color changes. As a bonus it can also scan for Hull Moving Average trend (color) changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful trading system. Features 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. Can monitor every time frame
This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher time frames. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator scans for pin bars. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features 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.
I  recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for engulfing and tweezer formations. The indicator can also be used in single chart mode. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Ap
Dieser Multi-Time-Frame- und Multi-Symbol-Indikator scannt nach Pin-Bars, Morgen-/Abendsternen, Engulfings, Pinzetten, Drei-Linien-Strikes, Inside Bars und Wimpel und Dreiecken. Der Indikator kann auch im Single-Chart-Modus verwendet werden. Bitte lesen Sie mehr über diese Option im Produkt   Blogs   . In Kombination mit Ihren eigenen Regeln und Techniken ermöglicht Ihnen dieser Indikator, Ihr eigenes leistungsstarkes System zu erstellen (oder zu verbessern). Merkmale Kann alle in Ihrem Market
Auswahl:
8601567
779
8601567 2021.03.12 00:27 
 

Still trying to figure it out and how it works on pairs. Very cool idea to have a witness

pejon9999
353
pejon9999 2021.02.07 10:43 
 

I'm testing for a while, but it looks very interesting, I'm a beginner, I must first understand. The support from Mr. Jan is excellent

suresh2425
236
suresh2425 2020.06.15 04:33 
 

Product is ok . I hope next update will include MACD histogram divergence , engulfing and pin bar filters.

MerryGate inc
28
MerryGate inc 2020.04.20 14:57 
 

I can't see my signature.

golathmim
329
golathmim 2019.11.27 08:10 
 

Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

Qun Li
579
Qun Li 2019.03.13 08:40 
 

Der Benutzer hat keinen Kommentar hinterlassen

Wan Ping Fei
1690
Wan Ping Fei 2018.11.19 14:55 
 

Great indicator, I love it too...

Pip Collector
346
Pip Collector 2018.09.28 18:05 
 

Great indicator, I love it.

Jan Flodin is a nice guy who listen to his customer.

[Gelöscht] 2018.07.23 20:49 
 

Der Benutzer hat keinen Kommentar hinterlassen

[Gelöscht] 2018.05.14 03:05 
 

Der Benutzer hat keinen Kommentar hinterlassen

Aravind Kolanupaka
8925
Aravind Kolanupaka 2018.05.08 04:10 
 

Thank you Jan Flodin for this indicator. I love trading divergence and to me double divergence is the perfect opportunity to confirm.

Antwort auf eine Rezension
Version 3.0 2023.08.28
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

This is not a mandatory update if your broker is not using the "-" (minus) character in the symbol names.
Version 2.9 2023.08.27
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:

- bug fix
Version 2.8 2022.10.13
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added an option to use close price instead of high/low price for bollinger filter
- added an option to write the signals as global variables instead of to a physical file. This new option is not supported in the Signal EA
Version 2.7 2022.06.15
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added a possibility to use the indicator in single chart mode (checking only one symbol and time frame). It will then draw the price divergence lines on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
- added the possibility to set price type for RSI and CCI divergences
- added the possibility to set the colors in the panel
- added the possibility to add a custom text to the pop-up, push and mail alerts
- added the possibility to set a custom panel title
Version 2.6 2020.09.15
- added separate fast and slow MA settings for Awesome.
Version 2.5 2020.09.13
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- I have changed the logic of detecting divergences so that more divergences will be detected. The new logic will allow divergences even if there are additional indicator extremums (top/bottoms) between the 2 already existing extremum points. Please be aware of the fact that the new logic also comes with a performance cost. Something which will be more visible on slower computers.

- added Bollinger and Stochastics filter options as an alternative to the RSI filter.
Version 2.4 2020.06.03
- upon request I have added the possibility to scan for "early" divergences. This means that the alert will come directly upon candle open instead of waiting for the slope in the indicator to change direction (candle shift 1 or 2). Candle shift must be set to 0 for this to work. Please be aware though that this will lead to more false signals.
Version 2.3 2019.11.06
- added the possibility to write the signals in the panel to a file. Could for instance be used by an Expert Advisor for automatical trading.
Version 2.2 2019.10.30
- added support for checking a higher time frame also if 'Enable single divergence' has been set to True.
Version 2.1 2019.10.28
- added scanning for MFI, Composite index and Momentum divergences
- addded the possibility to scan also for triple divergence
Version 2.0 2019.10.14
- added the possibility to set a custom code page to support unicode extended characters (pound sign etc.) in symbol names
- added scanning for ATR and OBV divergences
Version 1.8 2019.08.12
- added a possibility in the RSI filter to select another time frame than the one currently scanned
- added a possibility to use an additional moving average trend filter
- added an option to scan for ADX divergences
Version 1.7 2019.05.19
- it is now possible to select to scan all visible symbols from the Market Watch window instead of using the 'Symbols' input
parameter.

- added the AWESOME (AO) oscillator
Version 1.6 2018.10.31
- corrected an issue with the custom sound file alert
Version 1.5 2018.10.12
- added possibility to select if to use the RSI filter on first, last or both extremums
Version 1.4 2018.09.24
- added separate periods for RSI and CCI
Version 1.3 2018.07.27
- it is now possible to set the candle shift for the divergence extremum candle
- added option to alert of the second divergence is one time frame higher than the main divergence
Version 1.2 2018.05.15
- corrected issue with the indicator not drawing hidden divergence bullish lines in the strategy tester
- corrected issue with absence of alerts on D1 timeframe
Version 1.1 2018.05.11
- added OsMA oscillator (oscillator of moving average)
- added possibility to set the width of the panel