Awesome Oscillator Divergence Indicator Download for MetaTrader 5 – Free – MT4/MT5 Resource

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

The AO Divergence Indicator in the MetaTrader 5 trading platform analyzes trend changes and their structural weaknesses in 5-period and 34-period moving average calculations .

This MetaTrader 5 indicator identifies bullish and bearish divergences by comparing price movement and the histogram of momentum .

When a downward price movement is accompanied by an increase in AO value , the underlying trend reversal to an uptrend increases.

On the other hand, when the price increases and the AO histogram decreases , it shows buyer momentum is weak and indicates potential trend reversal .

Awesome Oscillator Divergence Indicator Specifications

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

Indicators at a glance

One of the key features of this MT5 Trading Assistant Indicator is the automatic detection of divergences between price and momentum .

The AO Divergence Indicator marks these changes by displaying colored lines on the chart and issuing buy and sell signals :

• Blue Line : Confirms positive divergence , indicating the potential for price increases
• Pink Line : Represents negative divergence , indicating that the upward trend is weakening

Indicators are in an upward trend

A positive divergence is identified and the price enters an uptrend. An increase in bar chart volume can indicate a strengthening of the trend, while a gradual decrease in bar chart volume can serve as a warning of a potential weakening of the trend.

In this case, traders can exit the trade when they observe a decrease in trading volume.

Indicators are in a downward trend

In the 30 minute EUR/AUD chart , the indicator detects divergence between price and oscillators and issues a sell signal .

In this case, the price forms a higher peak, but the indicator shows a lower peak.

Awesome Oscillator Divergence Indicator Setup

The details of the AO divergence indicator setting part are shown in the figure 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

Using the awesome oscillator divergence indicator helps detect market reversal points and analyze the sustainability of the trend .

The larger the AO histogram bars , the stronger the bullish momentum and the price continues to move in the same direction.

Conversely, a gradual decrease in the number of histogram bars may indicate a weakening trend and potential underlying risk. price reversal .