This indicator is designed to detect the best divergences between price/MACD and price/RSI. MACD and RSI produce by far the best divergence signals therefore this indicator focus on those two divergences.

This indicator scans for you up to 15 instruments and up to 21 timeframes for bullish and bearish divergences.

You need to add the indicator only to one single chart! The indicator will then automatically scan all configured instruments and timeframes.

important Information

The indicator checks both divergences at the same time (MACD / RSI) unless you deactivate one of the divergence checks.

Parameters

• alertsLong: True = Yes, False = No - if true, then the indicator alerts occurrences of "Bullish Divergence" signals for long entries
• alertsShort: True = Yes, False = No - if true, then the indicator alerts occurrences of "Bearish Divergence" signals for short entries
• alertsViaMT4: True = Yes, False = No - if true, then the indicator gives alerts via metaTrader 4 popup
• alertsViaEmail: True = Yes, False = No - if true, then the indicator gives alerts via email
• alertsViaPush: True = Yes, False = No - if true, then the indicator gives alerts direct to your mobile phone
• alertsM1: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M1
• alertsM2: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M2
• alertsM3: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M3
• alertsM4: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M4
• alertsM5: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M5
• alertsM6: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M6
• alertsM10: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M10
• alertsM12: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M12
• alertsM15: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M15
• alertsM20: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M20
• alertsM30: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on M30
• alertsH1: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H1
• alertsH2: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H1
• alertsH3: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H1
• alertsH4: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H4
• alertsH6: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H6
• alertsH8: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H8
• alertsH12: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on H12
• alertsD1: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on D1
• alertsW1: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on W1
• alertsMN1: True = Yes, False = No - if true, then the indicator searches for "Divergence" signals on MN1
• alertMACD: True = Yes, False = No - if true, then the indicator searches for "Divergence" between price an the MACD indicator
• alertRSI: True = Yes, False = No - if true, then the indicator searches for "Divergence" between price an the RSI indicator
• macd_fastEMA: the period setting of the fast EMA for the MACD
• macd_slowEMA: the period setting of the slow EMA for the MACD
• macd_signalSMA: the period setting of the signal SMA for the MACD
• period: the period setting of the RSI
• templateName: - if you press a button on the chart (which contains the name of an instrument), then the appropriate chart will open and a template with the specified name will be attached
• checkEveryXSeconds - every X seconds, the indicator checks the next instrument/timeframe for the occurrence of a "Divergence" signal
• i1-i15 - define up to 15instruments, which will be monitored/checked for the occurrence of a "Divergence" signal