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Wildhog NRP Divergence Forex Indicator

As the name of the indicator implies, NRP Divergence searches for bullish and bearish divergences between price and indicator. This is a powerful tool used by many forex traders to find an entry point in an existing trend. Some even use it to trade market reversals.

Trading Signals

Buy: Wait for the green arrow.

Sell: Wait for the pink arrow.

Important: use in agreement with a trending indicator to filter out most false entry signals. For example, try the 100 exponential moving average with this divergences indicator.

Indicator Preferences

Currency pairs: any

Preferred Time frames: Suitable for 1 min charts and above.

Sessions: Around the clock

Download

Download the Wildhog NRP Divergence.ex4 indicator.

Configurable Indicator Options

Colors, oversold level, overbought level, draw divergences, draw price trend lines,…

GBP/USD 1 Minute Chart Example

forex-divergence-indicator

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