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Multi Divergence Indicator MT4

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Published: 28 November 2023

Current version: 4.0

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Multi Divergence Indicator MT4

Name: Multi Divergence Indicator MT4
Rating: 5 (1 reviews)
Author: Biswarup Banerjee

Indicators
Biswarup Banerjee
Version: 4.0
Updated: 28 November 2023

Multi Divergence Indicator for MT4 - User Guide

Introduction

Overview of the Multi Divergence Indicator and its capabilities in identifying divergences across multiple indicators.
Importance of divergence detection in enhancing trading strategies and decision-making.

List of Indicators

RSI
CCI
MACD
STOCHASTIC
AWSOME
MFI
ACCELERATOR
OSMA
MOMENTUM
WPR( Williams %R)
RVI

Indicator Features

Indicator Selection: How to enable/disable specific indicators (RSI, CCI, MACD, etc.) for divergence detection.

Buffer Values: Customization of buffer values for individual indicators to tailor divergence sensitivity so that it can be used in EAs.

Color Customization:Setting distinct colors for each indicator's divergence signals on the chart for easy identification.

Settings Configuration:Detailed explanation of configuration settings for each indicator, allowing precise adjustment of divergence detection parameters.

Alert System:Utilizing real-time alerts for bullish or bearish divergences through alerts, push notifications, and emails.

Usage Instructions

Interpreting divergence signals displayed by the indicator on the chart.
Understanding and responding to alerts and notifications for timely trading actions.
Leveraging visual representations of divergences for effective decision-making.
Important! To see divergence in indicator subwindow , the indicator in the subwindow must have the same settings as the main indicator. For example if user has selected period 20 in main indicator and applying period 14 rsi on the chart then the divergence wont show in indicator subwindow
Use it as SCANNER by applying in different symbol and timeframe

Customization

User guide on modifying settings to suit individual trading preferences.
Steps to customize colors, enable/disable specific indicators, and fine-tune buffer values.

more...

130

Amalia Shafa Nurrillah 2024.12.27 08:44 #

Please improve the accuracy, thanks!

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Angle of Moving Averages This indicator is very simple yet powerful concept which constantly calculate the slope of the current bar moving average with respect to the N bar before moving average value. This no only give a good entry and exit signal but also it shows traders the strength of the signal. It shows positive green histogram when market is moving toward upward direction and red histograms for downtrend. When large histograms found means market has very strong trend. Inputs Available

30 USD

Super Trend Alert Indicator for MT5 is a powerful tool designed to help traders identify and follow market trends with precision. This indicator uses a proprietary algorithm to analyze price movements and provide clear trend signals, making it suitable for traders across all experience levels. You can find the MT4 version here Key features of the Super Trend Indicator include: Advanced trend analysis with real-time market scanning to detect potential trend directions. Real-time alerts that not

FREE

Introducing the Ultimate Trade Panel MT5 - Your All-in-One Trade Manager for MQL5 Trading Are you a trader looking to streamline your trading activities and gain a competitive edge in the market? Look no further! The Ultimate Trade Panel MT5 is here to revolutionize your trading experience on the MQL5 platform. With a plethora of unique and time-saving features, this expert advisor is designed to be your reliable companion for day-to-day trading activities. Key Features: Indicator Manager: Say g

30 USD

Introducing the Consecutive Green/Red Candle Alert Indicator for MT5 - Your Trend Spotting Companion! Are you ready to take your trading to the next level? We present the Consecutive Green/Red Candle Alert Indicator, a powerful tool designed to help you spot trends and potential reversals with ease. Whether you're a new trader looking for clarity in the market or an experienced pro seeking additional confirmation, this indicator is your trusted companion. Key Features of the Consecutive Green

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Product Name: Hedge Trade Manager MT5 Description: The "Hedge Trade Manager" EA for MetaTrader 5 is a sophisticated solution designed to adeptly manage trades through a hedge trading strategy. With a range of configurable settings, this EA provides comprehensive control over hedge trades. The documentation below outlines the various inputs and parameters to assist you in customizing the EA to suit your trading preferences. Overall Settings/Input Guide Name Setting Description General Settings Ma

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Brilliant Reversal Indicator for MetaTrader 5 - Your Ultimate Alert-Driven Trading Solution Unlock unparalleled trading success with the "Brilliant Reversal Indicator" tailored for MetaTrader 5. This powerful tool has been meticulously designed to empower traders by identifying critical reversal opportunities with lightning-fast alerts. Key Features: Precise Reversal Detection: The Brilliant Reversal Indicator for MT5 specializes in pinpointing potential trend reversals, providing you with a str

35 USD

Double top and bottom indicator is a pattern scanning indicator which scans the tops and bottoms using zig zag pattern. When it find price bouncing back from the same point twice after a long trend then it generate arrow signals whenever the last resistance points is broken for double bottom and last support price broken for double top. Unlike other top bottom scanner it does not give only 1 signal. it alerts user when ever the last support /resistance is broker from double top/bottom pattern un

FREE

MT4 Candlestick Pattern Alert Indicator: Stay Ahead of Trading Opportunities Overview The MT4 Candlestick Pattern Alert Indicator is a robust tool designed to empower traders by detecting candlestick patterns and delivering timely alerts through notifications, emails, and pop-up alerts. This invaluable tool saves traders precious time, allowing focused analysis on patterns and potential profitable trades. Importance of Candlestick Patterns Candlestick patterns are pivotal in technical analysis,

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Product Name: Trailing Stop and Breakeven Management EA Description: This EA (Expert Advisor) is designed to set trailing stops and breakeven levels for trades based on input parameters and a magic number in MT5. It can be used to manage trades placed manually or by any other EA. The EA allows customization of various settings to suit your trading strategy. General Settings: Enable Magic Number (ENABLE_MAGIC_NUMBER): Enable to use a magic number for trades. Set to false for manual trades. Magic

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The Bollinger Band Strategy EA MT5 is an automated trading tool tailored to capture trading opportunities based on Bollinger Bands' reversal conditions. This EA executes buy or sell trades upon detecting a bullish reversal near the lower band or a bearish reversal near the upper band. A bullish reversal is identified when the previous candle closes below the lower band, and the current candle closes above the lower band, transitioning from a red to a green candle. Conversely, a bearish reve

30 USD

Introducing the Ultimate Trade Panel - Your All-in-One Trade Manager for MQL4 Trading Are you a trader seeking to streamline your trading activities and gain a competitive edge in the market? Look no further! The Ultimate Trade Panel is here to revolutionize your trading experience on the MQL4 platform. With a host of unique and time-saving features, this expert advisor is designed to be your trusty companion for day-to-day trading activities. Key Features : Indicator Manager - Say goodbye to t

30 USD

About The Product This is an MT5 expert advisor which will let the end user to copy trades from a source mt5 account to N different mt5/mt4 account in the same pc. It is specially useful when you want to copy your trades from an account to several client account or accounts which will have different parameter for those trades. This product provides options to copy trades with different options as well as copy them in reverse. Note: Download and test the MT5 Local Trade Copier Pro demo versio

30 USD

Day and Week separator is a very simple tool to show day and week separator lines from a specific time mentioned in the input. This is specially helpful for the trades who has time zone differences in their broker terminal. Let us take an example If user know that at 7:00 in the chart his local time 00:00 then he will simply put 7:00 in the input . Separator lines will starts drawing from current day's 7:00 There is also a bold line for weekly separator

FREE

Close Manager EA for MetaTrader 5 Introduction: Welcome to the Close Manager EA, an essential tool designed exclusively for MetaTrader 5. This expert advisor has been meticulously crafted to streamline and enhance the trade closure process. Whether trades are initiated manually or by other EAs, this tool offers a diverse range of customizable criteria, empowering traders with enhanced control over their trade exits. You can find the MT4 version here Key Features: Logs Capture (SHOW_LOGS): Enable

FREE

The MT4 indicator that we are describing is designed to provide traders with an alert, notification, and email when Fibonacci levels are crossed. The Fibonacci levels are calculated based on the zigzag indicator, which helps to identify potential trend reversals in the market. When the indicator detects that a price has crossed a Fibonacci level, it will trigger an alert and send a notification to the trader's MT4 mobile app. Additionally, the indicator can be configured to send an email to the

FREE

Account Trailing Stop Manager MT5 Description: The "Account Trailing Stop Manager MT5" EA is designed to automatically calculate and remember the profit of the entire account or specific magic number, and trail it like a trailing stop loss. When the current profit becomes lower than the last saved profit, it will close all trades. This EA provides a convenient way to manage trailing stops for your account. For detailed documentation Overall Settings/Input Guide High Level Overview of Feature

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This is a pure grid strategy which completely works on pricelevel. So the idea behind this simple algo is when it starts it places 6 orders. Buy- Current price Sell- Current price BuyStop- Current price+ Some Pip Configurable distance Sell Limit - Current price+ Some Pip Configurable distance BuyLimit- Current price- Some Pip Configurable distance SellStop - Current price- Some Pip Configurable distance When any order hits its take profit it fill the gap with pending order. and When

30 USD

Whether you're a seasoned forex trader or just starting, Telegram Signal Sender is a must-have tool for anyone looking to start their telegram channel as a forex signal provider. With its user-friendly interface and advanced features, you can easily set up your signals and watch as your followers start to grow. So, what are you waiting for? Features: Highly customizable panel for calculating stop loss and take profit values User-friendly interface for easy setup of forex signals Ability to se

30 USD

GG TrendBar Indicator - Your Multitimeframe ADX Trading Solution Experience the power of multi-timeframe trading with the "GG TrendBar MT5 Indicator." This versatile tool, built upon the ADX indicator, offers precise insights by considering multiple timeframes, ensuring you make well-informed trading decisions. Basic Details : Indicator Type : GG TrendBar Indicator (Multi-Timeframe ADX) Key Metrics : Real-time ADX analysis across multiple timeframes. Customization : Enable or disable specific ti

30 USD

This is a basic indicator which is very useful for professional traders. The idea is to track every X pip movement in any symbol. It is a multicurrency indicator. So it will track the pip movements in all specified symbols. When there is absolute pip value price will appear (e.g 1.178500, 1.178600, 1.178700 ) it will signal the user in alert, mobile app and notification This pip step is configurable. This will help identify sudden movement in market as there will be lots of signals at that time

FREE

Risk Management Panel is unique to tool calculate your risk quickly and place trades based on your account money. There are two options for the user Account Equity Account Balance Tools like these is specially useful when you have to take a quickly decision about your trade but dont have the time to calculate the risk. It works with magic number. So the advantage is a trade placed by this panel could be manipulated by the other expert advisors as well

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Simple trade manager panel is a very usefull utility which gives the trader a flexibility to place orders and close them by profit and loss amount . It also helps in trailing the profit with amount. It works seamlessly on mt4 terminal. It has features to close specific order type or close all trades Features in nutshell Stoploss ,Takeprofit and Lot size control Book Profit based on amount Cut Loss based on amount Trail Profit after some time Close specific order Type Close all orders

FREE

Volume Oscilator is a popular indicator available in trading view which is very popular among traders Definition The Volume Oscillator is an indicator made up of two Moving Averages (MA) surrounding volume, one being fast and the other slow. The slow volume MA value is then subtracted from the value of the fastlow Moving Average. The Volume Oscillator measures volume by analyzing the relationship between the two Moving Averages mentioned. When combined with other indicators it provides a very st

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N. Israel 2025.02.16 12:31 #

User didn't leave any comment to the rating

130

Amalia Shafa Nurrillah 2024.12.27 08:44 #

Please improve the accuracy, thanks!

27543

Reply from developer Biswarup Banerjee 2024.12.27 09:37 #

Thank you so much for your feedback.

1463

xlxAxlx 2024.08.08 04:35 #

User didn't leave any comment to the rating

27543

Reply from developer Biswarup Banerjee 2024.08.08 06:32 #

thank you so much for your review

Version 4.0 2023.11.28

unwanted inputs removed