Nhnl Divergence Indicator For MetaTrader 5
This Old Kings indicator for MetaTrader 5 is called Nhnl Divergence Indicator For MetaTrader 5. As the name suggests, the idea behind it is divergence between price and an oscillator. In the code it works with divergence checks and ATR. It draws arrows on the chart. It has 3 settings, for example Period (default 20), Color Bullish (default clrMediumSeaGreen) and Color Bearish (default clrOrange). 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. 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 Nhnl Divergence Indicator For MetaTrader 5
Nhnl Divergence Indicator For MetaTrader 5 is an indicator for MetaTrader 5 based on Divergence and ATR. It draws buy and sell arrows on the chart. It has 3 settings, such as Period, Color bullish and Color bearish. MQL source code included.
Files in the download: NHNL_Divergence.mq5, NHNL_Divergence.png.
Settings
| Setting | Default | What it does |
|---|---|---|
| Period | 20 | Period |
| Color bullish | clrMediumSeaGreen | Bullish color |
| Color bearish | clrOrange | Bearish color |
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 · Buy/Sell Arrows · ATR · MT5 Indicator · MQL5 Source Code