OsMA Divergence Indicator Download for MetaTrader 5 – Free – [TFlab] – MT4/MT5 Resources

The OsMA Divergence Indicator is a specialized tool for analyzing divergence structures in financial markets. It focuses on the difference between price movements and OsMA values ​​to accurately identify regular and hidden divergences .

By drawing divergence lines on the chart, this indicator highlights potential price reversal areas, helping traders determine entry and exit points more accurately.

OsMA Divergence Indicator Specification Table

The table below summarizes the main characteristics of the OsMA divergence oscillator.

Indicators at a glance

The OsMA Divergence Oscillator intelligently analyzes price action in relation to OsMA fluctuations to detect regular and hidden divergences, whether positive or negative.

This indicator can detect potential trend reversals early by accurately drawing colored divergence lines at key chart points.

Indicators are in an upward trend

On the 4-hour chart of the EUR/AUD currency pair, this indicator finds a hidden bullish divergence within the existing uptrend, indicating that the uptrend is continuing.

Following this signal, the price moved upward from the divergence zone, confirming the ongoing bullish trend. This type of divergence often occurs during short-term corrections and reflects a strengthening of the trend.

Indicators are in a downward trend

On the 1-hour chart of the EUR/CAD currency pair, this indicator detects both regular bearish divergence and hidden bearish divergence in key areas of the chart.

This confluence of signals provides strong evidence of the beginning of a downtrend, highlighting the loss of momentum in the previous bullish move.

OsMA Divergence Indicator Settings

The image below shows the internal settings of the OsMA Divergence Indicator:

• OsMAFastPeriod : The period of the fast moving average
• OsMASlowPeriod : The period of the slow moving average
• OsMASignalPeriod : The period of the signal line
• OsMAPrice : OsMA price calculation method
• ExtrLeftBars : Number of bars extending to the left side of the chart
• ExtrRightBars : Number of bars extending to the right side of the chart
• PlusSens : Positive sensitivity to trend direction
• MinusSens : Negative sensitivity in the opposite direction
• DrawLinesSW : Enables drawing trend lines on the chart
• DrawLinesCHW : Enables drawing horizontal lines on the chart
• Col_Peak_1 : Color of the first peak (highest point)
• Col_Peak_2 : Color of the second peak (second highest point)
• Col_Trough_1 : Color of the first trough (lowest point)
• Col_Trough_2 : Color of the second trough (second lowest point)
• ShortName : short label of the indicator

Conclusion

The OsMA Divergence Oscillator is a practical tool in technical analysis that combines oscillator logic with price action behavior to detect hidden and regular divergences with high accuracy.

By exploiting the difference between the MACD line and the signal line (which is the core of OsMA), this indicator reveals momentum inconsistencies at key market levels.