Divergence Recognition Indicator

The Divergence Recognition Indicator is a custom forex indicator for Metatrader 4 (MT4) that automatically recognizes and displays divergences. The indicator itself is located in a sub-window placed just below the main trading chart, but the divergence trend lines are put in both places.

MT4 Divergence Recognition Indicator Attributes:
Currency pairs: any, but majors recommended (EURUSD, GBPUSD, USDJPY, AUDUSD, EURJPY, GBPJPY, etc.)
Platform: Metatrader 4
Type: divergence, patterns
Time frames: M1, M5, M15, M30, H1, H4, D1, W1, MN

How to install the Divergence Recognition Indicator on your Metatrader 4 trading platform – files format mq4 & ex4?

Download the indicator by clicking “LINK” button at the bottom of this post.
Copy and paste the Divergence Recognition Indicator into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
Restart your Metatrader 4 Client.
Select Chart and Timeframe where you want to test the indicator
Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
Right click on divergence-recognition-indicator.ex4 and than click “Attach to the chart”.
You can modify settings if you need and than click ok.
The indicator is ready and running on the chart.

In the downloadable archives you will find following Metatrader 4 files included: