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High Quality of Divergence MT4 Indicator
Combination of 4 Trend and Oscillators Indicators
Defination and How to Use Divergence Indicator
Divergence can be seen by comparing price action and the movement of an indicator. It doesn’t really matter what indicator you use. You can use RSI, MACD, the stochastic, CCI, etc.
The great thing about divergences is that you can use them as a leading indicator, and after some practice it’s not too difficult to spot.
When traded properly, you can be consistently profitable with divergences.
The best thing about divergences is that you’re usually buying near the bottom or selling near the top. This makes the risk on your trades are very small relative to your potential reward.
If price is making higher highs, the oscillator should also be making higher highs. If price is making lower lows, the oscillator should also be making lower lows.
If they are NOT, that means price and the oscillator are diverging from each other. And that’s why it’s called “divergence.”
Divergence trading is an awesome tool to have in your toolbox because divergences signal to you that something fishy is going on and that you should pay closer attention.
Using divergence trading can be useful in spotting a weakening trend or reversal in momentum. Sometimes you can even use it as a signal for a trend to continue!
High Profitable Divergence Indicator
Combined up to 4 Divergence Indicators and see the magic happen.
Divergence with CCI
Divergence with RSI
Divergence with ATR
Divergence with MACD
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Divergence Indicator
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