I was wondering if someone made any indicator based on babypips divergance with those 9 rules !!!
I would be grateful if there is any indicator like based on that?
I was wondering if someone made any indicator based on babypips divergance with those 9 rules !!!
I would be grateful if there is any indicator like based on that?
I would like to see good divergence indicator.
If someone would write the code I would appresiate it also.
I found some divergences indicators here
divergence indicator - MQL4: search
now I try this one in my demo
Thanks for the links. And i can see you are using a better one.
I have found another divergence indicator of the same coder Free download of the 'FX5_MACD_Divergence' indicator by 'FX5' for MetaTrader 4 in the MQL5 Code Base
you are welcome,
I have placed both indicators on the chart.
I cant see any improvements,
indicators look like twins
One thing I see that the signal is reset once the price touch the Bollinger band. Correct?
[QUOTE=RenaLa;197450]you are welcome,
I have placed both indicators on the chart.
I cant see any improvements,
indicators look like twins
One thing I see that the signal is reset once the price touch the Bollinger band. Correct?[/QUOTE]
Well i could not test the indicator yet. I will be testing it tomorrow. I have another divergence indicator btw. Since i am not that knowledgable about divergance and just touched the topic so would you like to check the indicator? :rolleyes:
Note: Hope this time I am not violating any rule and people who are in charge can judge what is spam and what is sharing.
sure,
your indicator is much better. I have read about divergence at Babypips school only.
I dont know what TF do you trade.
Try to use it within any two timeframes. say 30m and 1h chart.
One of tf would be good for long singals other one for short.
I am tring to use it together with Bollinger Bands and two timeframes
Re note: I was violating bp rule too one time for posting web link few month ago before I got 50 posts. :rolleyes:
I had same toughts in my mind
Hi RenaLa,
Did you use the indicator? I would like to know how was your experience with the indicator.
And i trade on H4 TF. And checking the FX 5 AO divergance (the one you gave) on H4 TF. Not trading with it yet. LoL