Divergence_Candles - MetaTrader 5 Script - MT4/MT5 Resources
The Signal Indicator Divergence Candle shows a signal arrow in the price chart to buy or sell at the candlestick divergence based on the following conditions:
Buy divergence:
Low price of current candlestick < Low price of previous candlestick Close price of current candlestick > = Close price of previous candlestick
Sell Divergence:
High price of current candlestick > High price of previous candlestick Close price of current candlestick <= Close price of previous candlestick
This indicator has no input parameters.
Attachment download
📎divergence_candles.mq5 (7.05 KB)
Source: MQL5 #20855
Divergence_Candles - MetaTrader 5 script usage and filtering suggestions
Divergence_Candles - MetaTrader 5 script is a resource related to Forex indicators. 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 only on titles or short-term profit descriptions.
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