FX5 Divergence Metatrader 4 Indicator
FX5 is an easy to use forex indicator if you like to trade divergences between price and technical indicator. FX5 will issue a buy alert when positive divergences occur on the chart. On the contrary, FX5 will issue a sell alert when negative divergences occur on the chart.
BUY: Wait for a green up arrow.
SELL: Wait for a red down arrow.
Use in conjunction with other tools to determine entry signals.
GBP/USD 4 Hour Chart Example