Divergence Scanner
Divergence Scanner — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around divergence between price and an oscillator. It has 10 settings, for example note1 (default Change font colors autom), Bid Ask Colors (default True) and note2 (default Default Font Color). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 indicator files 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 Scanner
Divergence Scanner is an indicator for MetaTrader 4. It has 10 settings, such as Note1, Bid ask colors and Note2. MQL source code included.
Files in the download: red this.txt, Divergence Scanner\Forex arrow\arrowforexsignal.tpl, Divergence Scanner\Forex arrow\forex-arrow-no-repaint.jpg, Divergence Scanner\Forex arrow\i-ElliotWaveOscillator-Div3R-Sig.ex4, Divergence Scanner\Forex arrow\Magnified Market Price.ex4, Divergence Scanner\Forex arrow\Magnified Market Price.mq4, Divergence Scanner\Forex arrow\Massive-Fx-Profit-indicator.ex4, Divergence Scanner\Forex arrow\red this.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Change font colors automatically? True = | |
| Bid ask colors | True | Colour on the chart |
| Note2 | Default Font Color | |
| Font color | Black | Colour on the chart |
| Note3 | Font Size | |
| Font size | 24 | |
| Note4 | Font Type | |
| Font type | Comic Sans MS | |
| Note5 | Display the price in what corner? | |
| What corner | 1 |
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 · Dashboards & Scanners · MT4 Indicator · MQL4 Source Code