i-divergence bar
Info
The i-divergence bar is a Indicator for MetaTrader 4 that necronan excellent indicator which points at the reverse bars based on the profitunity system by bill williams excluding the angulation relative to the indicator mouth. green marker (bullish reversal bar) — buy signal.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use i-divergence bar
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
necronan excellent indicator which points at the reverse bars based on the profitunity system by bill williams excluding the angulation relative to the indicator mouth.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: relative strength index - another powerful indicator for MetaTrader 4 traders.
necron
an excellent indicator which points at the reverse bars based on the profitunity system by bill williams excluding the angulation relative to the indicator mouth.
Also recommended: bollinger bands crossover indicator - similar indicator with strong performance on MetaTrader 4.
green marker (bullish reversal bar) — buy signal.
red marker (bearish reversal bar) — sell signal.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#define version "1.0.0.0"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_color1 red
#property indicator_color2 red
#property indicator_color3 lime
#property indicator_color4 lime.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.