All In One Divergence Indicator for MetaTrader 4 Download – Free – [TFlab]

The All In One Divergence Indicator is a comprehensive tool for identifying divergences in price charts. Using this MetaTrader 4 indicator, traders can analyze divergences with ease.

This ALO Divergence Indicator includes eight divergence oscillators, such as RSI, CCI, and other technical analysis tools, providing clear buy and sell signals directly on the chart.

All In One Divergence Indicator Features

The key features of this indicator are summarized in the table below:

Indicator in an Uptrend

In the lower panel of the chart, the indicator identifies a bullish divergence and generates a buy signal.

Traders can confirm this signal by increasing the volume of green bars and observing a crossover above the zero level, which strengthens the signal’s reliability.

Indicator in a Downtrend

In the 5-minute AUD/JPY chart, after detecting a bearish divergence, the downtrend begins.

Additionally, as the red bar volume increases, traders can confirm the strength of the bearish trend.

All In One Divergence Indicator Settings

The indicator settings panel is shown in the image below:

• Type Of Indicator: Indicator type
• Number of candles for Pivots calculation: Number of candles used for pivot calculation
• Maximum distance between two pivots: Maximum distance between two pivots
• Minimum distance between two pivots: Minimum distance between pivots
• Number of divergences from pivot: Number of divergences detected from a pivot
• Number of Indicator Lines that break the Divergence: Number of indicator lines at the divergence break point
• Shift: Price shift value
• Sell Divergence: Color of the sell divergence signal
• Buy Divergence: Color of the buy divergence signal
• Width: Line thickness
• RSI Period: RSI calculation period
• Applied price: Applied price for calculations
• CCI Period: CCI calculation period
• MACD inputs: MACD configuration parameters 
• Fast EMA period: Fast EMA period
• Slow EMA period: Slow EMA period
• Signal SMA period: Signal SMA period
• STOCHASTIC inputs: Stochastic oscillator settings 
• K period: K period in stochastic
• D period: D period in stochastic
• Slowing: Slowing factor in stochastic
• OBV inputs: OBV calculation settings
• CMF inputs: CMF calculation settings
• Used Periods: Selected time periods for calculations
• Type Of Volumes: Type of volume data used
• TSI inputs: True Strength Index (TSI) settings 
• True strength index momentum smoothing period 1: First smoothing period
• True strength index smoothing period 2: Second smoothing period
• Price: Price setting used in calculations

Conclusion

The ALO Divergence Indicator is one of the most advanced divergence detection tools in MetaTrader 4, using multiple technical analysis oscillators to display buy and sell signals based on bullish and bearish divergences.

This MT4 signal and forecast indicator provides high accuracy in identifying market reversal points, thanks to its automatic detection of regular and hidden divergences.