Bears CD HBT
Description
Bears CD HBT (Bears Convergence/Divergence High Bottom Top) is a universal analytical bears convergence/divergence indicator between a financial instrument and any of the twenty two standard indicators included in МT4 package. The indicator is the first out of the two possible versions (HBT and HTB) of the bearish convergence/divergence origins.
Due to its multiple use feature, the indicator allows you to find convergences/divergences between the price and various standard indicators simultaneously.
Users can select the sell graphical symbol and its width, as well as the color of convergence/divergence lines.
The indicator is not a lagging one. It works by ticks and is able to show convergence/divergence in the symbol's window even if there is no a separate window with a conventional indicator used for search. This allows you to open additional windows with any other indicators for a joint analysis.
As an option, the indicator can notify of a new signal using the graphical sell symbol instead of convergence/divergence lines.
In most cases, convergence/divergence is considered to be confirmed if it takes the form of a line with a graphical symbol remaining on the chart.
Attention: Since the indicator is downloaded, graphical symbols are displayed in the main window only after a new convergence/divergence signal appears (unlike convergence/divergence lines). Graphical symbols are not displayed for the past periods (before the indicator was downloaded).
If convergence/divergence lines are absent in the main window after launching the indicator, keep switching timeframes, till they are detected. Absence of lines indicates the absence of convergence/divergence on the current timeframe. If the lines are present only in the main window, but not in the additional one, you should recheck the type and the specified parameters of the basic indicator, for which you want to find convergence/divergence.
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