An intelligent Metatrader divergence indicator that will tell you when to place a trade. It runs in the background and can send trade alerts either by email, SMS or display them in the trading terminal. Divergence is a favorite trading macd divergent forex peace among technical traders. This is because of its clean signal and ability to locate high probability market turning points.
Figure 1 below shows an example. This tool uses a dynamic sampling method so that low probability divergence trades are filtered out in the early stages. The remainders are checked against a number of other criteria to maximize the success rate. Buy signals are generated only where the market is deeply oversold and sell signals where the market is deeply overbought. These combined with situations where momentum is slowing are often seen where a market correction is building. The indicator makes trade suggestions which you can act on or ignore.
The trade suggestions are displayed on the chart. The indicator doesn’t place trades for you. However, if you are looking for a fully automated system the template provided will let you easily hook it up to your own expert advisor. Setup The indicator has a number of configurations to allow it to work with any instrument, timeframe or trading system. The most important of these is the choice of oscillator. These oscillators are all built into Metatrader 4 so there aren’t any custom tools to install. For a more information please see the technical guide.
Compatible with Metatrader 4 and Metatrader 5. How to Use MACD Moving Average Convergence-Divergence. The LST is the FIRST trading strategy based on a combination of divergence analysis and statistical concepts. During the last period I’ve been asked by many to share a good proven strategy that trades divergences on any time frame and any pair. Well, that was quite easy for me since all I do for trading my live account is divergences.