MT4 Divergence indicators List: How good are Divergences and Convergences?


Download links to common MT4 indicators with auto divergences display:

• Divergence for all indicators (displays Divergences for many indicators)
• TDI Divergence indicator for MT4
• PZO Price Zone Oscillator with Divergences for MT4
• RSI Bollinger Bands with Divergences for MT4
• Recommend me a good 4 Hour Chart Divergence Indicator
• TVI Divergence indicator for MT4
• Pivot Point (Subwindow) Oscillator Divergence indicator for MT4
• Trend Direction Force Index (Oscillator) Divergence indicator for MT4
• SVE Bollinger Bands Divergence indicator for MT4
• Sibbett Demand Index Divergence indicator for MT4
• 1 hour chart divergence setup template
• Price Oscillator Divergence indicator for MT4
• Connor's RSI Divergence indicator for MT4
• OMA RSI Divergence indicator for MT4
• QQE Divergence indicator for MT4
• ADXm Divergence indicator for MT4
• TRIX Divergence indicator for MT4
• RSI Divergence indicator for MT4
• Stochastic Divergence indicator for MT4
• MACD Divergence indicator for MT4
• OsMA (MACD's Histogram) Divergence indicator for MT4
• Traditional MACD (with OsMA Histogram) Divergence indicator for MT4
• CCI Divergence indicator for MT4
• Awesome Oscillator Divergence indicator for MT4
• Ultimate Oscillator Divergence indicator for MT4
• Accelerator Divergence indicator for MT4
• TSI Divergence indicator for MT4
• Heiken Ashi RSI Divergences indicator for MT4

How good are divergences? By Tobi aka Krelian99

When you use oscillators you may recognize that the indicator and the price don't move in the same direction all the time. We compare the indicator and what happens with the price. For that start here from the indicator (inverted causality). Draw a TL in the subwindow from High to High or Low to Low (I don't like it on the chart because the chart gets messy quickly) and see the behavior of the further price.

It is a very good early-warning sign that the market is getting weak or strong and that you can tighten your stops or prepare for exit or entry. Which osci you use is up to you. I recommend a momentum setup (short periods) and here RSI/RSX, MACD and Stochastic have a similar results. The behavior between the Highs and Low aren't of interest. You can also take A/D line or Value Charts for more Divergences and Divergences from higher tfs are also very useful. Trend continuation, reversals like trend exhaustion or retracements, decide what you need for your trading style and look for those odds.

Some advice(s):

• It's no signal, just a sign. You need confirmations.
• Use only Highs of the indicator higher 50 or 0 (when range is from -100 till +100)
• Use only Lows of the indicator lower 50 or 0 (when range is from -100 till +100)
• Use Highs or Lows that are 'in view', no other peak is between. You can compare also Highs or Lows not being 'in view' either of the indicator or price, but don't use

Divergences when both aren't in view.

• There is no best Divergence indicator. MACD is very good for trend exhaustion, but misses some other good opportunities. 
• Don't let them draw by scripts, they don't find all Divergences and are to slow for Scalping.
• When the retracement after a Divergence is small and will be broken in trend direction, it was likely an test then and an impulse follows.

With some exercise you have a nice edge in your arsenal and with a scalping setup most of the time you can make your way hand over hand along the price movements.

Happy Trading.