Stochastic Divergence Metatrader 4 Indicator
This indicator shows divergences between the currency price and the Stochastic Oscillator in a separated window below the main chart. It also provides buy and sell signals based on positive and negative divergence between price and indicator. It can be used on all forex pairs and timeframe’s.
BUY: Wait for a blue arrow to appear on the chart.
SELL: Wait for a red arrow to appear on the chart.
Use in conjunction with trend indicators. Trade in the direction of the overall trend.
Configurable Indicator Options
KPeriod, DPeriod, Slowing, DrawArrows, DrawPriceLines,…
EUR/USD 1 Hour Chart Example