Awesome Oscillator Divergence Indicator for MT4
Version: mt4 - stable
Draws divergence lines on the chart and on the Awesome Oscillator (AO) indicator, without the general problems of the other solutions (inaccurate peak/bottom detection, divergence line draws over the candle-body, etc). It calculates with the last 300 visible bars, and use a basic candle pattern and divergence slope filtering with multi timeframe and alert ability. The indicator is non repainting (more info)! The arrow will appear when the trigger candle is closed and the divergence formation is valid, but before entry a strong filtering method is required! The alert functions work with all trendlines and horizontal lines on the AO divergence window, not only TrueTL's. For example, you can use it for alert when your favorite level is break.
Key features:
- Draws all divergences automatically on the AO indicator
- NEW! Backtesting ability (Example Video)
- MTF (multi timeframe) ability
- Non-repaint: shows arrows when the divergence formation is valid (more info)
- Compatible with line chart
- Compatible with offline charts /such as Renko chart/
- Switchable candle-body filtering
- Fully customizable alert functions (not only for TrueTL's objects)
- Fully customizable drawing styles
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Features and settings:
Alert Settings
Color and Style Settings
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