Divergence Recognition 2 2
From the Old Kings archive: Divergence Recognition 2 2, an indicator for MetaTrader 4. Its name points to divergence between price and an oscillator. In the code it works with divergence checks and moving averages. It draws arrows on the chart. It has 2 settings, for example Line Distance (default 1) and Max Bars Lookback (default 250). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Divergence Recognition 2 2
Divergence Recognition 2 2 is an indicator for MetaTrader 4 based on Divergence and Moving Average. It draws buy and sell arrows on the chart. It has 2 settings, such as Line distance and Max bars lookback. MQL source code included.
Files in the download: Divergence_Recognition.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Line distance | 1 | Distance between orders |
| Max bars lookback | 250 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Divergence · Buy/Sell Arrows · Moving Average · MT4 Indicator · MQL4 Source Code