AS Q Divergence Detector
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use AS Q Divergence Detector
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.
Description & Settings
AlgoSphere Quant — Precision before profit.
ASQ Divergence Detector scans your chart for regular and hidden RSI divergences and marks them with color-coded, non-repaint arrows. Each arrow is labeled with its type — Regular Bullish, Regular Bearish, Hidden Bullish, or Hidden Bearish — so you never have to guess what the signal means.
A clean on-chart dashboard tracks the count of each divergence type in real time, giving you a statistical overview of how many bullish vs bearish signals have appeared on the current timeframe.
Features
Non-repaint divergence arrows on the main chart
Four divergence types: Regular Bullish, Regular Bearish, Hidden Bullish, Hidden Bearish
Color-coded arrows: green (reg bull), red (reg bear), blue (hid bull), gold (hid bear)
Text labels at each divergence point showing the type
Stats dashboard with running count per type
Configurable swing length, lookback depth, and RSI period
Alert popup, sound, and push notification on new divergence
Minimal CPU usage — single-file, no external dependencies
Parameters
Detection: Swing length, lookback bars, RSI period, show regular on/off, show hidden on/off, show labels on/off. Alerts: Popup, sound, push notification. Dashboard: Show on/off, position, font size, colors.
Installation
Download ASQ_DivergenceDetector.mq5
Place in MQL5/Indicators/
Compile in MetaEditor
Drag onto any chart
MetaTrader 5, all brokers, all instruments, all timeframes. Free and open-source.
