Divergence Tracker

Take your trading to the next level with the Divergence Tracker indicator for MetaTrader 5. This advanced tool helps traders easily spot bullish and bearish divergences between price action and momentum indicators, offering an edge when identifying potential reversals and market turning points.

Key Features:

• Real-Time Divergence Detection: The indicator automatically scans for and highlights divergences between price and momentum indicators like the RSI, MACD, or Stochastic. This feature allows traders to anticipate shifts in trend direction before they occur.
• Customizable Alerts: Get notified when divergences are detected with fully customizable alerts, helping you stay on top of potential trading opportunities without constantly monitoring the charts.
• Flexible Indicator Settings: Fine-tune the indicator to fit your trading strategy by choosing which momentum indicators to compare against price action. This flexibility makes it suitable for different asset classes and trading styles.
• Clear Visual Representation: Bullish and bearish divergences are highlighted on the chart with easy-to-read labels and lines, ensuring you can quickly identify key setups without cluttering your screen.
• Multi-Timeframe Capability: Whether you trade on the 1-minute chart or higher timeframes, Divergence Tracker indicator works across multiple timeframes, helping you get a comprehensive view of potential trend shifts at any level.

Performance: Divergence Tracker indicator enhances your market analysis by focusing on divergences, which are often reliable signals for potential trend reversals. This helps traders improve the timing of their entries and exits, especially when combined with other technical analysis tools.

Customization:

• Momentum Indicator Selection: Choose between various momentum indicators like RSI, MACD, or Stochastic to suit your trading style.
• Visual Settings: Customize the appearance of divergence lines and labels for clear, clutter-free charting.
• Alert Preferences: Set personalized alerts for both bullish and bearish divergences, so you never miss an opportunity.

Disclaimer: Trading financial instruments involves risk, and it is not suitable for every investor. Past performance does not guarantee future results. Divergence Tracker indicator is designed to assist in trading decisions but does not promise profitable outcomes. Always conduct your own analysis and consider your financial situation before using this tool. Casper Trading Solutions is not responsible for any financial losses incurred from its use. Use with caution.