Multi oscillator divergence FREE

The indicator identifies when a divergence occurs between price and an oscillator. It identifies bullish and bearish hidden or regular (classical) divergences.

Features

• Can detect divergences for the following oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO),  ADX, ATR, OBV, MFI, Momentum and Composite index. only one oscillator can be selected per chart.
• Draws solid lines for regular/classical (potential reversal) divergences and dashed lines for hidden (trend continuation) divergences. The lines are drawn on the chart as well as in the indicator window.

Input parameters

• Oscillator to use: Default is MACD (main line). You can select from any of the above mentioned oscillators.
• Divergence candle shift (must be >0): Default is 1. You can set it to a higher value for a stronger confirmation of the possible reversal/trend continuation. By having it set to 1 you will catch the possible movement earlier (pending/unconfirmed divergence). On the other hand, the signal is less reliable.
• Bars to check (divergence depth): Bars back in time to check for a divergence.
• Max history bars: Bars back in time for which to draw divergences.
• MACD OsMA AND AWESOME SETTINGS
• Fast MA: Default is 12 (set to 5 for Awesome).
• Slow MA: Default is 26 (set to 34 for Awesome).
• Signal MA (not used for Awesome): Default is 9.
• CCI, RSI, RVI, ATR, MFI, MOMENTUM SETTINGS
• Period: Default period is 14.
• STOCHASTIC SETTINGS
• K: Default is 5.
• D: Default is 3.
• Slowing: Default is 3.
• Price type
• ADX SETTINGS
• ADX period
• Line mode
• COMPOSITE INDEX SETTINGS
• RSI slow period
• RSI fast period
• Momentum period
• Average period 1
• Average period 2
• Average period 3
• Price type
• Bullish line color: Color for bullish lines.
• Bearish line color: Color for bearish lines.

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