The Divergence Dashboard Indicator is an expert multi-symbol, multi-timeframe scanner that mechanically detects divergence alerts throughout your chosen forex pairs and timeframes utilizing your alternative of 10 unbiased oscillators.
Divergence happens when the course of a value pattern and the course of an oscillator indicator transfer in reverse instructions. This disagreement between value and momentum is among the strongest alerts in technical evaluation, typically 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 typically 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 in a different way 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 alerts (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 lively alerts 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 just lately closed bar), making certain that when a sign seems it is going to by no means change or disappear.
2. Understanding Divergence Varieties
The indicator detects 4 forms of divergence, grouped into two classes: Common (reversal alerts) and Hidden (continuation alerts).
Common Divergence (Reversal Alerts)
Common divergence alerts a possible reversal of the present pattern.
| Sort | Value Motion | Oscillator Motion | Sign |
|---|---|---|---|
| Common Bullish | Decrease Low | Greater Low | Potential upward reversal |
| Common Bearish | Greater Excessive | Decrease Excessive | Potential downward reversal |
Common Bullish: Value falls additional (decrease low) however the oscillator exhibits momentum is already recovering (greater low). Count on upward reversal.
Common Bearish: Value rises additional (greater excessive) however the oscillator exhibits momentum is already declining (decrease excessive). Count on downward reversal.
Hidden Divergence (Continuation Alerts)
Hidden divergence alerts a possible continuation of the present pattern throughout pullbacks.
| Sort | Value Motion | Oscillator Motion | Sign |
|---|---|---|---|
| Hidden Bullish | Greater Low | Decrease Low | Uptrend continuation |
| Hidden Bearish | Decrease Excessive | Greater Excessive | Downtrend continuation |
Hidden Bullish: Value holds a better low (uptrend intact) however the oscillator makes a decrease low (non permanent weak point). The uptrend is prone to proceed.
Hidden Bearish: Value holds a decrease excessive (downtrend intact) however the oscillator makes a better excessive (non permanent power). The downtrend is prone to proceed.
Divergence Sort Setting
The InpDivType parameter controls which sorts are detected:
| Worth | Setting | Description |
|---|---|---|
| 0 | Common Solely | Detects solely Common Bullish and Common Bearish (reversal alerts) |
| 1 | Hidden Solely | Detects solely Hidden Bullish and Hidden Bearish (continuation alerts) |
| 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 Sort column (magenta). It is a notably highly effective sign.
3. The ten Oscillators
The Divergence Dashboard provides 10 unbiased oscillators. Every measures a distinct facet of market momentum, quantity, or value habits.
| Oscillator | Parameters | Greatest For |
|---|---|---|
| RSI | Interval: 14 | Overbought/oversold reversals |
| MACD Line | 12, 26, 9 | Pattern 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 course |
| OBV | Cumulative | Quantity affirmation of tendencies |
| VWMACD | 12, 26 | Quantity-enhanced momentum shifts |
| CMF | Interval: 21 | Shopping for/promoting stress 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 stress |
TIP: Strive each price-based oscillators (RSI, CCI, Momentum) and volume-based oscillators (OBV, VWMACD, CMF, MFI) to seek out which supplies the clearest alerts. Quantity-based oscillators can reveal institutional cash move modifications that price-based oscillators might 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 mechanically through the MQL5 Market
- Press Ctrl+N to open the Navigator panel
- Broaden Indicators > Market part
- Discover “Divergence_Dashboard_Indicator” and drag it onto any chart
WARNING: Guarantee “Permit DLL imports” is checked within the indicator properties underneath the Frequent tab. For push notifications, configure your MetaQuotes ID within the cell app.
First-Time Setup:
- Add all symbols you wish to scan to your Market Watch window first (Ctrl+M)
- Begin with the default image checklist: 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 principal chart with a scrollable desk that updates in real-time.
Dashboard Columns
| Column | Description | Instance Values |
|---|---|---|
| Image | Foreign money pair or instrument (darkish inexperienced textual content) | EURUSD, GBPUSD, USDJPY |
| Timeframe | Chart timeframe (darkish inexperienced textual content) | M5, M15, H1, H4, D1, W1 |
| Route | Bullish (inexperienced, up arrow) or Bearish (crimson, down arrow) or — (no sign) | Bullish, Bearish, — |
| Sort | 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 modify your chart to that image/timeframe | EURUSD (H1) |
Navigation:
- Use the mouse scroll wheel to scroll via 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 swap your chart
Filter and Type Mode
The InpFilterRecent parameter controls how information is displayed:
Default Mode (false): Exhibits ALL image/timeframe mixtures in fastened order. Rows with out alerts show grey dashes (—).
Filtered Mode (true): Exhibits ONLY mixtures with lively divergence alerts, 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 alerts. Use Default Mode to see the whole standing of all monitored devices.
6. Enter Parameters Reference
Dashboard Settings
| Parameter | Default | Description |
|---|---|---|
| Symbols | EURUSD,GBPUSD,USDCAD,USDJPY | Comma-separated checklist (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, exhibits solely lively alerts sorted by most up-to-date |
Divergence Settings
| Parameter | Default | Description |
|---|---|---|
| Pivot Interval | 5 | Bars on all sides to substantiate a swing pivot. Greater = extra vital pivots. |
| Value Supply | 0 (Shut) | 0 = Shut costs, 1 = Excessive/Low costs for pivot detection |
| Divergence Sort | 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 test 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 alerts 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 %Okay | 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 Circulation (CMF) | Interval: 21 |
| 9 | Cash Circulation 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 Colour | Lime | Colour for bullish arrows |
| SELL Arrow Colour | Pink | Colour for bearish arrows |
| Arrow Measurement | 4 | Measurement (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 alerts in your chart:
| Factor | 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 crimson daring textual content | Above the bearish arrow |
| Yellow Candle | Complete candle highlighted in yellow | The sign bar is drawn in yellow for visibility |
Non-Repainting Conduct: 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 checklist. Click on the Chart button within the dashboard to navigate to the right chart.
8. Alert Configuration
Alerts fireplace when a brand new divergence sign seems or when the course modifications for an emblem/timeframe mixture.
| Alert Sort | Parameter | Default | Description |
|---|---|---|---|
| Popup | Popup Alerts | true | Commonplace 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, Route, Sort, Timeframe, and Oscillator identify.
Alert Cooldown: Alerts have a cooldown interval equal to at least one bar of the sign’s timeframe to forestall duplicate notifications.
Setting Up E mail Alerts
- Go to Instruments > Choices > E mail
- Examine Allow
- Enter SMTP server, port, login, password, and vacation spot electronic 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 best strategy — take a commerce when any oscillator exhibits divergence on a timeframe you belief.
| Part | Particulars |
|---|---|
| Sign | Dashboard exhibits 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 exhibits divergence. Change to 1-2 different oscillators and test if the identical sign seems. |
| Entry | After verification with at the very 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 course on a number of timeframes.
| Part | Particulars |
|---|---|
| Sign | Identical image exhibits similar course divergence on two or extra timeframes (e.g., EURUSD bullish on each H1 and H4) |
| Entry | Enter on the decrease timeframe sign; use greater timeframe for affirmation |
| Cease Loss | Beneath the decrease timeframe’s current swing low (bullish) or above swing excessive (bearish) |
| Take Revenue | Subsequent main assist/resistance on the upper timeframe |
TIP: In Filtered Mode, the identical image will seem in a number of rows if it has alerts on completely different timeframes — search for these clusters.
Technique 4: Divergence + Help/Resistance
Mix divergence with key value ranges for optimum confluence.
| Part | Particulars |
|---|---|
| Sign | Bullish divergence at a recognized assist degree, or bearish divergence at recognized resistance |
| Entry | After sign confirms, enter with restrict order close to the S/R degree |
| Cease Loss | Simply past the assist/resistance degree |
| Take Revenue | Subsequent opposing S/R degree, or 1:2 to 1:3 risk-reward |
Danger Administration Tips
- Danger not more than 1-2% of account fairness per commerce
- All the time use a cease loss — divergence alerts can fail, particularly on decrease timeframes
- Greater timeframes (H4, D1, W1) produce extra dependable alerts than M5 or M15
- Change between oscillators to check — if a number of detect the identical divergence, the sign is stronger
- Anticipate the sign bar to totally shut earlier than coming into
- Mix divergence with different technical instruments (trendlines, MAs, candlestick patterns) for finest outcomes
10. Switching Between Oscillators
Methods to Change
- Open indicator settings (right-click > Properties, or double-click in Navigator)
- Discover the Oscillator dropdown within the Inputs tab
- Choose a distinct oscillator from the ten choices
- Click on OK — the dashboard recalculates utilizing the brand new oscillator
Which Oscillator for Which Market
| Market Situation | Really useful | 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 move |
| Getting began | RSI, MACD | Extensively used, efficient throughout most situations |
Evaluating Alerts Throughout Oscillators
A strong method:
- Spot a divergence sign along with your present oscillator
- Notice the image, timeframe, and course
- Change to a distinct oscillator and test the identical pair
- If the identical divergence seems, the sign carries extra weight
- Strive each a price-based and volume-based oscillator for the broadest view
TIP: Begin with RSI. As soon as comfy, experiment with others to seek out which produces the clearest alerts for the pairs and timeframes you commerce most.
11. Troubleshooting
Dashboard Not Exhibiting:
- Examine the “Consultants” 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 Sort to 2 (Each) to detect every type
- Strive a distinct oscillator — some detect divergence extra readily on sure pairs
- Divergence might genuinely not be current — that is regular
Too Many Alerts / Noisy:
- Enhance Pivot Interval to 7 or 8 for extra vital pivots
- Cut back Max Div Bars to disregard extensively spaced divergences (attempt 50)
- Disable decrease timeframes (M1, M5, M15)
- Set Divergence Sort to 0 (Common solely)
Arrows Not Exhibiting:
- Confirm Present Arrows is ready to true
- Arrows solely seem if the present chart’s image AND timeframe are within the scan checklist
- Click on the Chart button within the dashboard to navigate to the best chart
Efficiency Points:
- Cut 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 electronic 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 is going to by no means change or disappear.
Q: What’s the distinction between Common and Hidden divergence? A: Common divergence alerts potential reversals. Hidden divergence alerts pattern continuation throughout pullbacks. Each are worthwhile — Common for catching turning factors, Hidden for using current tendencies.
Q: Which oscillator ought to I exploit? 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 alerts.
Q: Can I exploit this on shares, indices, or crypto? A: Sure. Any image accessible in MetaTrader works. Notice 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 mixtures. Begin with 4-8 symbols for optimum efficiency.
Q: What timeframes work finest? A: Greater timeframes (H4, D1, W1) produce extra dependable alerts. H1 is an effective center floor for intraday. The dashboard permits you to affirm alerts throughout timeframes.
Q: Can I exploit 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 | assist@forexobroker.com |
| Web site | www.forexobroker.com |
| MQL5 Market | Use the Feedback part on the product web page |
When contacting assist, please embrace: MetaTrader model, dealer identify, description of the difficulty, screenshots, and your indicator settings.
Obtain:
Danger Disclaimer
HIGH RISK WARNING: Buying and selling overseas change (Foreign exchange), CFDs, and different monetary devices on margin carries a excessive degree of threat and will not be appropriate for all buyers. The excessive diploma of leverage can work in opposition to you in addition to for you.
The chance exists that you possibly can maintain a lack of some or your entire preliminary funding. You shouldn’t make investments cash that you just can not afford to lose.
NO GUARANTEE OF PROFIT: Previous efficiency shouldn’t be indicative of future outcomes. No illustration is being made that any account will or is prone to obtain income or losses just like these mentioned on this information.
DEMO ACCOUNT RECOMMENDATION: We strongly suggest 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
