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

101
uradello wrote: Mon Jan 12, 2026 9:18 pm I'd like to contribute my own take on the Stochastic Divergence indicator I programmed many years ago in Metastock, which a friend of mine then kindly translated into MT4 and MT5.
The MT5 version can be found here:
post1295578880.html#p1295578880


The divergence is created by counting the number of bars on the price and the Stochastic, up to a maximum of 9 (anything beyond that wouldn't make sense...).
That's a nice indicator you've shared. A couple of things make this one unique to the other Stochastic divergences indicators is this one seems to take account inside bars (line 579 of the code) so if a divergence occurs current bar is inside the previous bar's range, it'll maintain the signal.

Essentially a multi-bar divergence detector. Eg. it will check if the current low is the lowest in the last 10 bars, not just the current or last bar.

I've added it to our divergences indicator list and have been checking it out using a 34, 3, 3 setting to slow it down a bit:
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Re: MT4 Divergence indicators List: How good are Divergences and Convergences?

102
Jimmy wrote: Tue Jan 13, 2026 8:00 pm That's a nice indicator you've shared. A couple of things make this one unique to the other Stochastic divergences indicators is this one seems to take account inside bars (line 579 of the code) so if a divergence occurs current bar is inside the previous bar's range, it'll maintain the signal.

Essentially a multi-bar divergence detector. Eg. it will check if the current low is the lowest in the last 10 bars, not just the current or last bar.

I've added it to our divergences indicator list and have been checking it out using a 34, 3, 3 setting to slow it down a bit:
Yes...
1) divergence + inside bar= very good movement
2) divergence on the upper TF and simultaneously divergence on the lower TF: low risk
3) divergence on the upper TF and simultaneously 123 ROSS on the lower TF: low risk

one thing JIMMY...could you kindly modify my indicator as per my requests in 3D for MT5?thanks in advance