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 a buy/sell signal arrows + divergence lines.
Buy & sell signal:
- 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 Example 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
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the Stochastic Divergence.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
