Excellent Divergence Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This MQL5 code is a custom indicator designed to detect and visualize divergent price action with the Ultra Strength Oscillator (AO) . Divergence occurs when price action and an oscillator move inconsistently, often signaling a potential reversal or continuation in the market. The indicator plots buy/sell signals, AO histograms, and trend lines to highlight these differences.

Discrepancy detection :

Custom buffer :

Dynamic trend line drawing :

Border crossing inspection :

initialization :

Main calculations :

Divergence confirmation :

Dynamic updates :

IsBottom() and IsTop() :

Check intersection() :

Calculate median() :

Add unique coordinates() :

totalalign() :

This indicator is a powerful tool for traders who want to automate divergence detection and visualization, save time, and increase the accuracy of their trading strategies.

Attachment download

📎 divergence_awesome_ocilator.mq5 (28.63 KB)

Source: MQL5 #56820