Spread Divergence Indicator 4
This Old Kings indicator for MetaTrader 4 is called Spread Divergence Indicator 4. Its name points to divergence between price and an oscillator and the spread. In the code it works with divergence checks. It has 4 settings, for example Pair1 (default EURUSD-fx), Pair2 (default USDCHF-fx) and multiplicator (default 0.001). Load it on a demo chart and check whether its signals repaint before trusting them. 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 · v1.0 · Free
About Spread Divergence Indicator 4
Spread Divergence Indicator 4 is an indicator for MetaTrader 4 based on Divergence. It has 4 settings, such as Pair1, Pair2 and Multiplicator. MQL source code included.
Files in the download: Spread Divergence Indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Pair1 | EURUSD-fx | |
| Pair2 | USDCHF-fx | |
| Multiplicator | 0.001 | How much the lot size grows after a loss |
| Max bars | 200 |
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 · MT4 Indicator · MQL4 Source Code