Forex Divergence Stochastic Indicator
Forex Divergence Stochastic Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around the Stochastic oscillator and divergence between price and an oscillator. Its source code uses the Stochastic oscillator. It draws arrows on the chart. It has 4 settings, for example Stoch Period (default 20), Sensitive (default 5) and overbought value (default 99.9). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 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 Forex Divergence Stochastic Indicator
Forex Divergence Stochastic Indicator is an indicator for MetaTrader 4 based on Stochastic. It draws buy and sell arrows on the chart. It has 4 settings, such as Stoch period, Sensitive and Overbought value. MQL source code included.
Files in the download: evDivStochv5.mq4, installation manual.txt, miDivStochv5onchart.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Stoch period | 20 | Period or timeframe used by the calculation |
| Sensitive | 5 | |
| Overbought value | 99.9 | |
| Oversold value | 99.9 |
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: Stochastic · Divergence · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code