Rule Based Divergence Scanner
Rule Based Divergence Scanner — MT4 indicator, supplied with source code and a compiled file. Source metadata: ID 4984: Rule-Based Divergence Scanner; core Divergence mapped to PRICE_ACTION/DIVERGENCE; visual-only custom indicator Declared inputs include: CatalogId, CalculationTimeframe, FastPeriod, SlowPeriod, SignalPeriod, ATRPeriod, LookbackPeriod, MaxBars, SignalThreshold, BandATRMultiplier, SessionStartHour, SessionEndHour, NotifyOnSignal. Description extracted from the supplied source metadata. Compilation compatibility, runtime behavior and trading results have not been independently verified.
Indicator · MT4 · v1.00 · Free
About Rule Based Divergence Scanner
Rule Based Divergence Scanner is an indicator for MetaTrader 4 based on Divergence, RSI, Moving Average and ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 13 settings, such as Catalog id, Calculation timeframe and Fast period. MQL source code included.
Files in the download: Rule_Based_Divergence_Scanner.mq4, Rule_Based_Divergence_Scanner.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Catalog id | 4984 | |
| Calculation timeframe | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Fast period | 14 | Period or timeframe used by the calculation |
| Slow period | 30 | Period or timeframe used by the calculation |
| Signal period | 8 | Period or timeframe used by the calculation |
| Atr period | 16 | Period or timeframe used by the calculation |
| Lookback period | 40 | Period or timeframe used by the calculation |
| Max bars | 1600 | |
| Signal threshold | 24.0 | |
| Band atr multiplier | 1.40 | How much the lot size grows after a loss |
| Session start hour | 0 | Hour when trading starts (server time) |
| Session end hour | 0 | Hour when trading stops (server time) |
| Notify on signal | false | 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 · Dashboards & Scanners · Buy/Sell Arrows · Alerts · RSI · Moving Average · ATR · MT4 Indicator · MQL4 Source Code