AO_Divergence - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Custom indicator AO_Divergence draws the AO indicator line in a separate window and displays the found divergence on the indicator window and on the price chart.
Unlike the standard momentum oscillator, this indicator allows configuring the parameters of fast and slow MA.
The indicator has four input parameters:
Attachment download
📎 ao_divergence.mq5 (29.43 KB)
Source: MQL5 #19950
AO_Divergence - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
AO_Divergence - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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