Jimmy wrote: Thu Oct 08, 2020 5:12 pm
This is my all time favorite Stochastic Divergence indicator from Forex-TSD.
I use to use this indicator in conjunction with the
Traders Dynamic Index to trade Big E's "Trading Made Simple" back in the old days and what I like about it is the simplicity and the thickness of the Divergence lines (my eyes aren't too good). I'm pretty sure this one was done by Mrtools over a decade ago, but it's still as reliable as ever.
It's not a holy grail indicator but it does a very good job at detecting intermediate reversals which makes it ideal for scalping.
For me, it's the Best Stochastic Divergence indicator I've seen for MT4 (even better than True TL's Stochastic Divergence indicator), so I would like to re-post it here for those who are looking for it
PS: For coders, this source code can also be used for guidance to learn how to create indicators with divergence. Have a look through it, and give it a try with your coding projects
Hi Jimmy & MrTools
Maybe either one of you can point me in the right direction , do we have a stochastic indicator that alerts you when the price enters ( breaks-into) overbought/oversold set by the user? most signal on crossover but none that signal on ( break-in K-period touches) overbought/oversold entry as it enters the zone ( touch) even it it breaks the zone and then pullback.
Been looking but cannot seem to find it.