FXCX Divergence Forex Indicator (MT4)

The FXCX Divergence indicator for mt4 (Metatrader 4) finds trade entries and exits based on divergences found between price and moving averages.

This indicator appears in a separate MT4 chart window in the form of easy to trade violet colored histogram bars.

Open a buy trade whenever the violet colored divergence bars appear above the 0.00 level (bullish trend reversal signal).
Open a sell trade whenever the violet colored divergence bars appear below the 0.00 level (bearish trend reversal signal).

The indicator works on all currency pairs and time frames equally.

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The example chart below displays the FXCX Divergence mt4 indicator in action on the trading chart.

Trading Signals (example):

Utilize your own favorite trade entry, stop loss and take profit method to trade with the FXCX Divergence indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Divergence

Repaint? No.

Usage:

Works for any trade style: scalping, day trading and swing trading.

The FXCX Divergence indicator was developed for the MT4 trading platform and can be used as a standalone indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.