Stochastic Divergence - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Divergence based on the standard stochastic indicator with alerts and language selection.
Stochastic does not need to appear on the chart. However, if the standard Stochastic indicator is attached, the divergence lines will be drawn in both the chart and the indicator window, and the indicator will use Stochastic settings.
The solid line shows classic divergence and the dashed line shows reverse divergence.
You can change the line color (ColorBull and ColorBear variables) and set the output mode and language of messages when disagreements occur.
Attachment download
📎 DiverStoch.mq4 (12.09 KB)
Source: MQL5 #8655
Stochastic Divergence - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Stochastic Divergence - MetaTrader 4 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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