The Stochastic Divergence indicator for Metatrader 4 identifies bullish & bearish divergences between price and the Stochastic indicator.
Divergences are a powerful tool that can help to detect early trend reversals on any time frame.
The indicator appears in a separate MT4 chart window in the form of buy/sell signal arrows + divergence lines.
Buy & Sell Trade Example
- A blue arrow is a buy signal (bullish divergence).
- A red arrow is a sell signal (bearish divergence).
The indicator is very reliable, lightweight, and will not slow down your trading platform.
It works on all MT4 trading instruments.
Free Download
Download the “Stochastic Divergence.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Stochastic Divergence mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown above.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method when trading with the Stochastic Divergence indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
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.
Download Now
Download the “Stochastic Divergence.mq4” indicator for Metatrader 4
