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Divergence is a very common occurrence on the chart of almost any trading pair, and many traders actively use this pattern in their trading practice.
Professionals most often, of course, determine such a divergence of indicators by eye, but for a novice trader there is a special indicator.
How does the indicator work?
This indicator is installed as a regular expert in the MT4 terminal, put it on the chart and it immediately starts showing the presence of divergence in the basement in the real trading mode.
Here is a 15 minute chart as an example:
And for 1 hour:
Since divergence, in principle, can occur on any timeframe, this indicator will also draw it in real time on any time frame in the same way.
Optionally, you can adjust the color of the lines display, and of course for the pros there are a lot of different settings related to the definition of the divergence itself:
But if you are a beginner, then of course it is better to leave all the settings by default, the indicator works great with custom parameters.
You can download the Divergence indicator for free using the link below! Don't forget to share this page on social media. networks!