Another indicator of divirgence

If the blue strip up, the price goes up. Down - the same way.

Points - indicate peaks found (fractals) of the indicator.

The red stripes - this is the maximum peaks (a weak signal that the price rollback little goes against the trend)

i-Divergency.mq4 - divergence in Stochastics

i-DivMACD.mq4 - divergence on MACD

If you want to analyze any other indicators - need to replace the line

 Stochastic [ CurBuffer ] = iStochastic ( NULL , 0 , 5 , 3 , 3 , MODE_EMA , 0 , MODE_MAIN , CurrentCandle ) ; Stochastic [CurBuffer] = iStochastic (NULL, 0, 5, 3, 3, MODE_EMA, 0, MODE_MAIN, CurrentCandle); 

that need

Sometimes cause false alarms. Where much without them then?

Download forex - Indicators:

i-Divergency.mq4 i-Divergency.mq4
i-DivMACD.mq4 i-DivMACD.mq4