FX5 Divergence V2
FX5 Divergence V2 — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around divergence between price and an oscillator. This copy is version 2. Its source code uses divergence checks and MACD. It draws arrows on the chart and can send alerts. It has 7 settings, for example separator1 (default *** OSMA Settings ***), fast EMA (default 12) and slow EMA (default 26). 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 · v2 · Free
About FX5 Divergence V2
FX5 Divergence V2 is an indicator for MetaTrader 4 based on Divergence and MACD. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 7 settings, such as Separator1, Fast ema and Slow ema. MQL source code included.
Files in the download: FX5_Divergence_V2_1.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Separator1 | *** OSMA Settings *** | |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal | 9 | |
| Separator2 | *** Indicator Settings *** | |
| Draw divergence lines | true | |
| Display alert | true | 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: Divergence · Buy/Sell Arrows · Alerts · MACD · MT4 Indicator · MQL4 Source Code