Awesome Oscillator Divergence Indicator Download for MetaTrader 4 – Free – MT4/MT5 Resource

On June 22, 2025, in version 2, the indicator added alert/notification functionality

The Awesome Oscillator Divergence Indicator (AO Divergence) is an advanced version of Awesome Oscillator that automatically identifies both positive and negative divergences on the chart.

The tool analyzes the difference between 5-period and 34-period moving averages , assesses the strength of the trend and its potential changes, and displays it as a histogram .

Awesome Oscillator Divergence Indicator Specifications

The characteristics of this indicator are summarized in the table below.

Indicators at a glance

This MT4 trading assist issues buy and sell signals when it detects divergence between the indicator and price:

• Buy Signal : When the price trend is down but the AO moves up, it indicates that the selling pressure is reducing; in this case, the indicator sends a buy signal with a blue line
• Sell ​​Signal : When the price rises but the AO histogram shows a downward trend, it indicates that the power of buyers has weakened and the momentum has weakened; in this case, a sell signal is shown as a pink line

Indicators are in an upward trend

In the AUD/NZD uptrend , the indicator sends a buy signal after detecting a positive divergence between the AO histogram and price .

Traders can profit when the histogram enters the positive zone and volume increases.

Indicators are in a downward trend

In the AUD/JPY price chart , the volume of the histogram bars as the oscillator identifies bearish divergence indicates weakening uptrend strength and potential price reversal. In this case, the indicator shows sell signal .

Awesome Oscillator Divergence Indicator Setup

The setup for this awesome oscillator divergence indicator is shown below:

• Number of candles used for pivot calculation : Number of candles used for pivot calculation
• Maximum distance between two pivots : Maximum distance between two pivots
• Minimum distance between two pivots : Minimum distance between two pivots
• Number of divergences from the pivot : Number of divergences from the pivot
• CCI number of breakout lines : number of CCI breaks
• Shift : Price shift
• Sell ​​Divergence : The color of the sell divergence signal
• Buy Divergence : The color of the buy divergence signal
• Width : Line thickness

Conclusion

The Awesome Oscillator Divergence Oscillator identifies market trend reversal zones by analyzing bullish and bearish divergences .

This MetaTrader 4 oscillator , by processing Awesome Oscillator data, provides information on changes in trend strength and market volatility , showing key price points.