Great Oscillator Divergence (Indicators MT5)
Great Oscillator Divergence (Indicators MT5) is an indicator for MetaTrader 5 from the Old Kings collection. Judging by its name, it is built around divergence between price and an oscillator. Its source code uses divergence checks and Momentum. It draws arrows on the chart and can send alerts. It has 9 settings, for example Deviation percent (default 0.05), Indicator Trend Line Allowed across through the histogram body (default no) and Numberof Alerts Maximum Iterations (default 2). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor and a PDF guide. 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 · MT5 · v1.0 · Free
About Great Oscillator Divergence (Indicators MT5)
Great Oscillator Divergence (Indicators MT5) is an indicator for MetaTrader 5 based on Divergence and Momentum. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as Deviation percent, Indicator trend line allowed across through the histogram body and Numberof alerts maximum iterations. MQL source code included.
Files in the download: Great oscillator divergence .mq5, Great oscillator divergence (instructions) .pdf, Installation Tutorial (MT4 - MT5) .pdf, Como Instalar indicatores no MetaTrader .pdf, C¢mo instalar indicadores en MetaTrader.pdf.
Settings
| Setting | Default | What it does |
|---|---|---|
| Deviation percent | 0.05 | |
| Indicator trend line allowed across through the histogram body | no | |
| Numberof alerts maximum iterations | 2 | Turn this alert on or off |
| On push | true | allow to send push-messages |
| On email | true | allow to send e-mail messages |
| On alert | true | allow to put alert |
| On play sound | true | allow to put sound signal |
| Name file sound | alert.wav | name of the file with sound |
| Comment sir name | Divergence on Awesome Oscillator: | the first part of the allert comment |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 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 · Oscillator · Buy/Sell Arrows · Alerts · Momentum · MT5 Indicator · MQL5 Source Code