Forex Divergence Tracker Indicator
Forex Divergence Tracker Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to divergence between price and an oscillator. Its source code uses MACD, RSI, ADX and Momentum. It has 6 settings, for example ind (default 1), pds (default 10) and f (default 1). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Forex Divergence Tracker Indicator
Forex Divergence Tracker Indicator is an indicator for MetaTrader 4 based on MACD, RSI, ADX and Momentum. It has 6 settings, such as Ind, Pds and F. MQL source code included.
Files in the download: Divergence.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ind | 1 | MACD=1, RSI=2, DMI=3, Mom=4 |
| Pds | 10 | indicator periods |
| F | 1 | price field: Close=1, High/Low=2 |
| Ch | 0 | peak/trough depth minimum (0-1) |
| Shift | 0 | shift signals back to match divergences |
| Max bars | 1000 |
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 · MACD · RSI · ADX · Momentum · MT4 Indicator · MQL4 Source Code