Stochastic Divergence MT4 Indicator

Stochastic Divergence MT4 Indicator

Stochastic Divergence MT4 Indicator

There are times that the indicators tell a different story than prices. Even though the currency pair appears to be continuing in one direction, technical indicators diverge from price action. These types of movements may suggest that the trend is about the change, if we see them near strong support/resistance levels.

Divergences should be used as warning signals rather than a signal generator.

stodiv-1

Stochastic Divergence MT4 Indicator – One of the most successful indicators showing the divergence. Stochastic divergence indicator displays the stochastic histogram, displays the line of divergence and at the price chart (arrows to entry). Each signal can be clearly seen with lines connecting the max/min in the price chart a direction opposite to the line connecting the extreme of the indicator.

Download Stochastic Divergence

Comments

  1. MichaelBridgman says

    Has anyone else noticed that this indicator must be designed for the 15 minute interval only. I put it on my charts along with 2 other 8,3,3 stochastic indicators, with one also calculating divergence. The %K and %D lines are completely different from other 8,3,3 stochastic indicators on any interval other than the 15 minute. The chart above that accompanies the download and illustrates the indicator is a 60 minute interval. I would caution anyone using this to compare it to another 8,3,3 stochastic first. The indicator itself has (M 15 Stochastic Divergence 8,3,3 ) in its title and may be designed only for this interval. If anyone know how to make it accurate on other intervals, please let me know.

  2. Ronni says

    Michael, youre right, its set to work on 15m interval.
    bu can change it though in the indicator setting
    too bad it does change automatically.
    it wouldv been gold.

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