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Re: MT4 Indicator requests and ideas

TEAMTRADER, Fri Feb 10, 2023 7:55 am

Mr Tools,
I hope you can recall making this divergence indicator based on the RSx.
Not knowing what your parameters were when you adapted the indicator to include divergence makes it difficult to assess but I have enclosed a screengrab of a divergence that it missed.
The RSx strength has diminished whilst the price high has risen - the two trendlines are on the screengrab.
It may be something to do with the lookback period or something else that I don't know about but is there something you can add to the indicator to make it recognise and signal these very profitable areas?
Thanks if you can do it - you hold the MQ4 file.
TEAMTRADER
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