Repulse_Divergence - MetaTrader 5 Script - MT4/MT5 Resources
The indicator displays the value of the divergence in a separate window, searches for divergences between the indicator line and the price, and displays these divergences. You can choose the rejection indicator line to search for divergence.
The indicator has three input parameters:
Figure 1. Divergence between price and oscillator lines
Figure 2. Divergence between price and signal line
Attachment download
📎 repulse_divergence.mq5 (36.89 KB)
Source: MQL5 #20450
Repulse_Divergence - MetaTrader 5 script usage and filtering suggestions
Repulse_Divergence - 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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