DivergenceBar - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Signal indicator pointing to reverse bars, based on the profit system of Bill Williams, excluding relative to the Alligator indicator port.
The indicator was originally written in MQL4 and first published in the code base on May 26, 2015.
Figure 1. DivergenceBar indicator
Attachment download
📎divergencebar.mq5 (6.45 KB)
Source: MQL5 #14895
DivergenceBar - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
DivergenceBar - 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 on titles or short-term profit descriptions.
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