The Divergence Dashboard Indicator is knowledgeable multi-symbol, multi-timeframe scanner that robotically detects divergence indicators throughout your chosen forex pairs and timeframes utilizing your alternative of 10 unbiased oscillators.
Divergence happens when the path of a value pattern and the path of an oscillator indicator transfer in reverse instructions. This disagreement between value and momentum is without doubt one of the strongest indicators in technical evaluation, usually foreshadowing pattern reversals or continuation strikes earlier than they turn into seen on the value chart alone.
Why Divergence Is Highly effective:
- Main sign — Divergence usually seems earlier than the precise value reversal, giving merchants early warning
- Works throughout all markets — Foreign exchange, shares, commodities, indices, and crypto
- Works throughout all timeframes — From M1 scalping to MN place buying and selling
- Select from 10 completely different oscillators — Every detects divergence otherwise for various market situations
- Goal and quantifiable — No subjective sample interpretation required
Key Options:
- Scans as much as 20 symbols concurrently throughout 9 timeframes (M1 to MN)
- 10 unbiased oscillators for divergence detection
- Identifies Common (reversal) and Hidden (continuation) divergence
- Non-repainting indicators (solely fires on confirmed closed bars)
- Inexperienced BUY / Pink SELL arrows with yellow candle highlighting
- A number of alert choices (Popup, Sound, E mail, Push)
- Interactive dashboard with one-click chart switching
- Filter and type mode to indicate solely energetic indicators ranked by recency
Obtain the indicator:
IMPORTANT: The indicator makes use of a non-repainting methodology. Divergence is checked at bar place 1 (probably the most not too long ago closed bar), guaranteeing that after a sign seems it can by no means change or disappear.
2. Understanding Divergence Varieties
The indicator detects 4 kinds of divergence, grouped into two classes: Common (reversal indicators) and Hidden (continuation indicators).
Common Divergence (Reversal Alerts)
Common divergence indicators a possible reversal of the present pattern.
| Kind | Value Motion | Oscillator Motion | Sign |
|---|---|---|---|
| Common Bullish | Decrease Low | Increased Low | Potential upward reversal |
| Common Bearish | Increased Excessive | Decrease Excessive | Potential downward reversal |
Common Bullish: Value falls additional (decrease low) however the oscillator reveals momentum is already recovering (increased low). Anticipate upward reversal.
Common Bearish: Value rises additional (increased excessive) however the oscillator reveals momentum is already declining (decrease excessive). Anticipate downward reversal.
Hidden Divergence (Continuation Alerts)
Hidden divergence indicators a possible continuation of the present pattern throughout pullbacks.
| Kind | Value Motion | Oscillator Motion | Sign |
|---|---|---|---|
| Hidden Bullish | Increased Low | Decrease Low | Uptrend continuation |
| Hidden Bearish | Decrease Excessive | Increased Excessive | Downtrend continuation |
Hidden Bullish: Value holds a better low (uptrend intact) however the oscillator makes a decrease low (momentary weak point). The uptrend is more likely to proceed.
Hidden Bearish: Value holds a decrease excessive (downtrend intact) however the oscillator makes a better excessive (momentary energy). The downtrend is more likely to proceed.
Divergence Kind Setting
The InpDivType parameter controls which sorts are detected:
| Worth | Setting | Description |
|---|---|---|
| 0 | Common Solely | Detects solely Common Bullish and Common Bearish (reversal indicators) |
| 1 | Hidden Solely | Detects solely Hidden Bullish and Hidden Bearish (continuation indicators) |
| 2 | Each (Default) | Detects all 4 sorts concurrently |
TIP: When each Common and Hidden divergence are detected concurrently on the identical image/timeframe, the dashboard shows “Reg+Hid” within the Kind column (magenta). It is a notably highly effective sign.
3. The ten Oscillators
The Divergence Dashboard presents 10 unbiased oscillators. Every measures a special side of market momentum, quantity, or value habits.
| Oscillator | Parameters | Finest For |
|---|---|---|
| RSI | Interval: 14 | Overbought/oversold reversals |
| MACD Line | 12, 26, 9 | Development momentum modifications |
| MACD Histogram | 12, 26, 9 | Momentum acceleration shifts |
| Stochastic | 14, 3, 3 | Cyclical market reversals |
| CCI | Interval: 10 | Cyclical value actions |
| Momentum | Interval: 10 | Uncooked momentum path |
| OBV | Cumulative | Quantity affirmation of traits |
| VWMACD | 12, 26 | Quantity-enhanced momentum shifts |
| CMF | Interval: 21 | Shopping for/promoting strain evaluation |
| MFI | Interval: 14 | Quantity-weighted overbought/oversold |
Oscillator Classes:
| Class | Oscillators | Description |
|---|---|---|
| Value-Based mostly | RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum | Derived purely from value information; measure momentum |
| Quantity-Based mostly | OBV, VWMACD, CMF, MFI | Incorporate quantity information; reveal shopping for/promoting strain |
TIP: Attempt each price-based oscillators (RSI, CCI, Momentum) and volume-based oscillators (OBV, VWMACD, CMF, MFI) to seek out which supplies the clearest indicators. Quantity-based oscillators can reveal institutional cash circulation modifications that price-based oscillators could miss.
4. Set up Information
For MetaTrader 4
- Open MetaTrader 4 and go to File > Open Information Folder
- Navigate to MQL4Indicators
- Copy Divergence_Dashboard_Indicator.ex4 into this folder
- Press Ctrl+N to open the Navigator panel
- Proper-click on “Indicators” and choose Refresh
- Discover “Divergence_Dashboard_Indicator” and drag it onto any chart
- Configure the enter settings and click on OK
For MetaTrader 5
- After buying, the indicator installs robotically through the MQL5 Market
- Press Ctrl+N to open the Navigator panel
- Develop Indicators > Market part
- Discover “Divergence_Dashboard_Indicator” and drag it onto any chart
WARNING: Guarantee “Enable DLL imports” is checked within the indicator properties beneath the Widespread tab. For push notifications, configure your MetaQuotes ID within the cellular app.
First-Time Setup:
- Add all symbols you need to scan to your Market Watch window first (Ctrl+M)
- Begin with the default image listing: EURUSD,GBPUSD,USDCAD,USDJPY
- In case your dealer makes use of prefixed or suffixed symbols, set InpSymbolPrefix and InpSymbolSuffix
- Start with RSI because the default oscillator and experiment from there
5. Dashboard Overview
The dashboard shows in a separate window beneath your primary chart with a scrollable desk that updates in real-time.
Dashboard Columns
| Column | Description | Instance Values |
|---|---|---|
| Image | Forex pair or instrument (darkish inexperienced textual content) | EURUSD, GBPUSD, USDJPY |
| Timeframe | Chart timeframe (darkish inexperienced textual content) | M5, M15, H1, H4, D1, W1 |
| Path | Bullish (inexperienced, up arrow) or Bearish (purple, down arrow) or — (no sign) | Bullish, Bearish, — |
| Kind | Common (blue), Hidden (purple), Reg+Hid (magenta), or — | Common, Hidden, Reg+Hid |
| Age | What number of bars in the past the sign appeared | 0 bars in the past, 3 bars in the past |
| Chart | Click on to change your chart to that image/timeframe | EURUSD (H1) |
Navigation:
- Use the mouse scroll wheel to scroll by way of rows
- Click on the up/down arrow buttons on the scrollbar
- Drag the scrollbar thumb for fast navigation
- Click on any Chart button to immediately change your chart
Filter and Type Mode
The InpFilterRecent parameter controls how information is displayed:
Default Mode (false): Exhibits ALL image/timeframe combos in fastened order. Rows with out indicators show grey dashes (—).
Filtered Mode (true): Exhibits ONLY combos with energetic divergence indicators, sorted by age (most up-to-date first). The title bar shows “Divergence Dashboard (FILTERED)”.
TIP: Use Filtered Mode for a fast overview of actionable indicators. Use Default Mode to see the entire standing of all monitored devices.
6. Enter Parameters Reference
Dashboard Settings
| Parameter | Default | Description |
|---|---|---|
| Symbols | EURUSD,GBPUSD,USDCAD,USDJPY | Comma-separated listing (as much as 20 symbols) |
| Image Prefix | (empty) | Dealer prefix (e.g., “m” for mEURUSD) |
| Image Suffix | (empty) | Dealer suffix (e.g., “.professional” for EURUSD.professional) |
| Allow M1-MN | M5-W1 enabled | Toggle every of the 9 timeframes on/off |
| Seen Rows | 12 | Variety of information rows seen within the dashboard |
| Filter Current | false | When true, reveals solely energetic indicators sorted by most up-to-date |
Divergence Settings
| Parameter | Default | Description |
|---|---|---|
| Pivot Interval | 5 | Bars on either side to verify a swing pivot. Increased = extra vital pivots. |
| Value Supply | 0 (Shut) | 0 = Shut costs, 1 = Excessive/Low costs for pivot detection |
| Divergence Kind | 2 (Each) | 0 = Common solely, 1 = Hidden solely, 2 = Each |
| Oscillator | RSI | Choose from 10 oscillators through dropdown |
| Max Pivot Factors | 10 | Most historic pivots to verify for divergence matching |
| Max Div Bars | 100 | Most bars allowed between two divergence pivots |
| Max Historical past Bars | 500 | Most bars to calculate. Bigger = older indicators however extra computation. |
Oscillator Choice
| Worth | Oscillator | Parameters |
|---|---|---|
| 0 | RSI (default) | Interval: 14 |
| 1 | MACD Line | 12, 26, 9 |
| 2 | MACD Histogram | 12, 26, 9 |
| 3 | Stochastic %Ok | 14, 3, 3 |
| 4 | CCI | Interval: 10 |
| 5 | Momentum | Interval: 10 |
| 6 | On Stability Quantity (OBV) | No configurable interval |
| 7 | Quantity-Weighted MACD | 12, 26 |
| 8 | Chaikin Cash Stream (CMF) | Interval: 21 |
| 9 | Cash Stream Index (MFI) | Interval: 14 |
Chart Arrow Settings
| Parameter | Default | Description |
|---|---|---|
| Present Arrows | true | Show BUY/SELL arrows on chart |
| Present Labels | true | Show “BULLISH DIV” / “BEARISH DIV” textual content |
| BUY Arrow Coloration | Lime | Coloration for bullish arrows |
| SELL Arrow Coloration | Pink | Coloration for bearish arrows |
| Arrow Dimension | 4 | Dimension (1-5) |
| Arrow Hole | 0.8 | Distance from candle (ATR multiplier) |
| Label Hole | 1.8 | Textual content label distance (ATR multiplier) |
| BUY Arrow Code | 233 | Wingdings code for bullish arrow |
| SELL Arrow Code | 234 | Wingdings code for bearish arrow |
Alert Settings
| Parameter | Default | Description |
|---|---|---|
| Alert Title | Divergence Dashboard | Title in alert messages |
| Popup Alerts | true | On-screen popup notification |
| Sound Alerts | true | Audible alert |
| Sound File | alert2.wav | WAV file for sound alerts |
| E mail Alerts | false | E mail notification (requires SMTP config) |
| Push Alerts | true | Cellular push through MetaQuotes ID |
7. Chart Arrows and Visible Alerts
When arrows are enabled, the indicator attracts visible indicators in your chart:
| Component | Look | Description |
|---|---|---|
| Bullish Arrow | Lime inexperienced up-arrow beneath candle | Positioned beneath the low at distance managed by Arrow Hole |
| Bearish Arrow | Pink down-arrow above candle | Positioned above the excessive at distance managed by Arrow Hole |
| Bullish Label | “BULLISH DIV” in lime inexperienced daring textual content | Beneath the bullish arrow |
| Bearish Label | “BEARISH DIV” in purple daring textual content | Above the bearish arrow |
| Yellow Candle | Total candle highlighted in yellow | The sign bar is drawn in yellow for visibility |
Non-Repainting Habits: Arrows are positioned solely on bars the place a confirmed divergence state change occurred. As a result of divergence is checked at bar place 1 or later (by no means bar 0), arrows by no means seem on unfinished candles and by no means disappear as soon as positioned.
WARNING: Chart arrows solely seem on the present chart’s image and timeframe, and provided that that mixture is included within the dashboard’s scan listing. Click on the Chart button within the dashboard to navigate to the proper chart.
8. Alert Configuration
Alerts hearth when a brand new divergence sign seems or when the path modifications for a logo/timeframe mixture.
| Alert Kind | Parameter | Default | Description |
|---|---|---|---|
| Popup | Popup Alerts | true | Customary MT4/MT5 popup dialog |
| Sound | Sound Alerts | true | Performs audio file laid out in Sound File |
| E mail | E mail Alerts | false | Requires SMTP configuration |
| Push | Push Alerts | true | Requires MetaQuotes ID |
Alert Message Format:
Divergence Dashboard: EURUSD BULLISH Common Divergence on H1 (RSI)
The message contains: Alert Title, Image, Path, Kind, Timeframe, and Oscillator title.
Alert Cooldown: Alerts have a cooldown interval equal to 1 bar of the sign’s timeframe to stop duplicate notifications.
Setting Up E mail Alerts
- Go to Instruments > Choices > E mail
- Examine Allow
- Enter SMTP server, port, login, password, and vacation spot e mail
- Click on Take a look at to confirm
Setting Up Push Notifications
- Set up the MetaTrader app in your telephone
- Go to Settings > Messages and duplicate your MetaQuotes ID
- In desktop MetaTrader: Instruments > Choices > Notifications
- Enter your MetaQuotes ID and allow notifications
9. Buying and selling Methods
Technique 1: Single-Oscillator Entry
The only strategy — take a commerce when any oscillator reveals divergence on a timeframe you belief.
| Part | Particulars |
|---|---|
| Sign | Dashboard reveals Bullish or Bearish divergence |
| Entry | Open of the following candle after the sign bar closes |
| Cease Loss | Past the current swing excessive |
| Take Revenue | 1:1.5 or 1:2 risk-reward ratio |
| Timeframes | H1 and above for higher reliability |
Technique 2: Cross-Oscillator Verification
Confirm the sign by switching between oscillators earlier than buying and selling.
| Part | Particulars |
|---|---|
| Sign | Dashboard reveals divergence. Change to 1-2 different oscillators and verify if the identical sign seems. |
| Entry | After verification with at the least one further oscillator |
| Cease Loss | 1.5x ATR(14) past the sign bar’s excessive |
| Take Revenue | 2x the cease loss distance (1:2 risk-reward) |
| Danger | Most 1-2% of account fairness per commerce |
Technique 3: Multi-Timeframe Alignment
Look for a similar divergence path on a number of timeframes.
| Part | Particulars |
|---|---|
| Sign | Identical image reveals similar path divergence on two or extra timeframes (e.g., EURUSD bullish on each H1 and H4) |
| Entry | Enter on the decrease timeframe sign; use increased timeframe for affirmation |
| Cease Loss | Beneath the decrease timeframe’s current swing low (bullish) or above swing excessive (bearish) |
| Take Revenue | Subsequent main help/resistance on the upper timeframe |
TIP: In Filtered Mode, the identical image will seem in a number of rows if it has indicators on completely different timeframes — search for these clusters.
Technique 4: Divergence + Help/Resistance
Mix divergence with key value ranges for max confluence.
| Part | Particulars |
|---|---|
| Sign | Bullish divergence at a recognized help stage, or bearish divergence at recognized resistance |
| Entry | After sign confirms, enter with restrict order close to the S/R stage |
| Cease Loss | Simply past the help/resistance stage |
| Take Revenue | Subsequent opposing S/R stage, or 1:2 to 1:3 risk-reward |
Danger Administration Pointers
- Danger not more than 1-2% of account fairness per commerce
- All the time use a cease loss — divergence indicators can fail, particularly on decrease timeframes
- Increased timeframes (H4, D1, W1) produce extra dependable indicators than M5 or M15
- Change between oscillators to check — if a number of detect the identical divergence, the sign is stronger
- Look ahead to the sign bar to totally shut earlier than getting into
- Mix divergence with different technical instruments (trendlines, MAs, candlestick patterns) for greatest outcomes
10. Switching Between Oscillators
Learn how to Change
- Open indicator settings (right-click > Properties, or double-click in Navigator)
- Discover the Oscillator dropdown within the Inputs tab
- Choose a special oscillator from the ten choices
- Click on OK — the dashboard recalculates utilizing the brand new oscillator
Which Oscillator for Which Market
| Market Situation | Really helpful | Why |
|---|---|---|
| Trending | MACD, MACD Histogram, Momentum | Monitor pattern momentum, efficient at detecting exhaustion |
| Vary-bound | RSI, Stochastic, CCI | Bounded oscillators for overbought/oversold reversals |
| Quantity-driven | OBV, VWMACD, CMF, MFI | Reveal institutional cash circulation |
| Getting began | RSI, MACD | Extensively used, efficient throughout most situations |
Evaluating Alerts Throughout Oscillators
A robust method:
- Spot a divergence sign together with your present oscillator
- Word the image, timeframe, and path
- Change to a special oscillator and verify the identical pair
- If the identical divergence seems, the sign carries extra weight
- Attempt each a price-based and volume-based oscillator for the broadest view
TIP: Begin with RSI. As soon as snug, experiment with others to seek out which produces the clearest indicators for the pairs and timeframes you commerce most.
11. Troubleshooting
Dashboard Not Displaying:
- Examine the “Specialists” tab on the backside of MetaTrader for error messages
- The indicator opens in a separate window — resize the separator if too small
- Restart MetaTrader and re-apply the indicator
No Symbols Discovered / Empty Dashboard:
- Add goal symbols to Market Watch first (Ctrl+M)
- Examine that image names match your dealer precisely
- Configure Image Prefix/Suffix in case your dealer makes use of non-standard names
No Divergence Alerts:
- Enhance Max Historical past Bars (attempt 500 or 1000)
- Lower Pivot Interval (attempt 3 as an alternative of 5)
- Set Divergence Kind to 2 (Each) to detect all sorts
- Attempt a special oscillator — some detect divergence extra readily on sure pairs
- Divergence could genuinely not be current — that is regular
Too Many Alerts / Noisy:
- Enhance Pivot Interval to 7 or 8 for extra vital pivots
- Scale back Max Div Bars to disregard broadly spaced divergences (attempt 50)
- Disable decrease timeframes (M1, M5, M15)
- Set Divergence Kind to 0 (Common solely)
Arrows Not Displaying:
- Confirm Present Arrows is ready to true
- Arrows solely seem if the present chart’s image AND timeframe are within the scan listing
- Click on the Chart button within the dashboard to navigate to the fitting chart
Efficiency Points:
- Scale back variety of symbols
- Disable pointless timeframes (particularly M1)
- Lower Max Historical past Bars (attempt 300)
Alerts Not Firing:
- Examine alert parameters are set to true
- For sound: confirm the WAV file exists in MT4/MT5’s Sounds folder
- For e mail: confirm SMTP config in Instruments > Choices > E mail
- For push: confirm MetaQuotes ID in Instruments > Choices > Notifications
12. Regularly Requested Questions
Q: Does the indicator repaint? A: No. Divergence is all the time checked at bar place 1 (final closed bar), by no means bar 0. As soon as a sign seems, it can by no means change or disappear.
Q: What’s the distinction between Common and Hidden divergence? A: Common divergence indicators potential reversals. Hidden divergence indicators pattern continuation throughout pullbacks. Each are invaluable — Common for catching turning factors, Hidden for using present traits.
Q: Which oscillator ought to I take advantage of? A: Begin with RSI. For trending markets attempt MACD or Momentum. For ranges attempt Stochastic or CCI. For quantity evaluation attempt OBV, CMF, or MFI. Change between oscillators on the identical pair to check indicators.
Q: Can I take advantage of this on shares, indices, or crypto? A: Sure. Any image accessible in MetaTrader works. Word that volume-based oscillators use tick quantity for Foreign exchange, which is a proxy for actual quantity.
Q: What does “Reg+Hid” imply? A: Each Common and Hidden divergence detected concurrently. It is a notably robust sign as a result of each reversal and continuation dynamics are in play.
Q: What number of symbols can I scan? A: As much as 20 symbols concurrently. With 9 timeframes, that’s 180 combos. Begin with 4-8 symbols for optimum efficiency.
Q: What timeframes work greatest? A: Increased timeframes (H4, D1, W1) produce extra dependable indicators. H1 is an effective center floor for intraday. The dashboard enables you to affirm indicators throughout timeframes.
Q: Can I take advantage of a customized sound file? A: Sure. Place your .wav file in MetaTrader’s Sounds folder and set the Sound File parameter to the filename.
| Contact Technique | Particulars |
|---|---|
| E mail | help@forexobroker.com |
| Web site | www.forexobroker.com |
| MQL5 Market | Use the Feedback part on the product web page |
When contacting help, please embody: MetaTrader model, dealer title, description of the problem, screenshots, and your indicator settings.
Obtain:
Danger Disclaimer
HIGH RISK WARNING: Buying and selling overseas trade (Foreign exchange), CFDs, and different monetary devices on margin carries a excessive stage of danger and is probably not appropriate for all traders. The excessive diploma of leverage can work towards you in addition to for you.
The chance exists that you would maintain a lack of some or your entire preliminary funding. You shouldn’t make investments cash that you simply can not afford to lose.
NO GUARANTEE OF PROFIT: Previous efficiency isn’t indicative of future outcomes. No illustration is being made that any account will or is more likely to obtain income or losses just like these mentioned on this information.
DEMO ACCOUNT RECOMMENDATION: We strongly advocate testing any buying and selling technique or indicator on a demo account earlier than buying and selling with actual cash.
Divergence Dashboard Indicator v1.00 Copyright 2026 Forexobroker