Forex Stochastic Roc Divergence Indicator
This Old Kings indicator for MetaTrader 4 is called Forex Stochastic Roc Divergence Indicator. As the name suggests, the idea behind it is the Stochastic oscillator and divergence between price and an oscillator. In the code it works with divergence checks and the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 23 settings, for example Kperiod (default 8), Dperiod (default 3) and Slowing (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Stochastic Roc Divergence Indicator
Forex Stochastic Roc Divergence Indicator is an indicator for MetaTrader 4 based on Divergence and Stochastic. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 23 settings, such as Kperiod, Dperiod and Slowing. MQL source code included.
Files in the download: installation manual.txt, stochastic_roc_divergence.ex4, stochastic_roc_divergence.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Kperiod | 8 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Ma method | 0 | |
| Indicator line index | 0 | |
| Price field | 0 | |
| Roc period | 1 | Period or timeframe used by the calculation |
| Typ | Types are 0 or 1 | |
| Type | 0 | |
| Arrow size | 1 | |
| Draw divergences | true | |
| Show classical divergence | true | |
| Show hidden divergence | true | |
| Draw indicator trend lines | true | |
| Draw price trend lines | true | |
| Draw lines identificator | storocdiverge1 | |
| Arrows displacement | 2.0 | |
| Divergence alert | true | Turn this alert on or off |
| Divergence alerts message | true | Turn this alert on or off |
| Divergence alerts sound | true | Turn this alert on or off |
| Divergence alerts email | false | Turn this alert on or off |
| Divergence alerts notify | false | Turn this alert on or off |
| Divergence alerts sound name | alert1.wav | Turn this alert on or off |
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 · Alerts · MT4 Indicator · MQL4 Source Code