Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Indicators

RSI divergence candles - indicator for MetaTrader 5

Views:
14793
Rating:
(20)
Published:
2018.11.25 14:38
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Theory :

This idea I found on the net. It was originally made by someone using "RicardoSantos" user name on one other trading platform forum. I liked the idea and the indicator is ported as is (there is no further explanation by "RicardoSantos" either, hence no further information here either, but I think that it is self explanatory once when you attach it to the chart)

Usage :

You can use the color changes as signals


PS: one "big picture" example too


Filtered deviation scaled MA Filtered deviation scaled MA

Filtered deviation scaled MA

Deviation scaled MA - extended Deviation scaled MA - extended

Deviation scaled MA - extended

Highest high & lowest low support resistance Highest high & lowest low support resistance

Highest high & lowest low support resistance

Momentum ratio oscillator Momentum ratio oscillator

Momentum ratio oscillator