All In One Divergence Indicator for MetaTrader 5 Download – Free – [TFlab]

Among MetaTrader 5 indicators, the All In One Divergence Indicator is recognized as an advanced and multi-functional tool that enables automatic detection of price divergences.

This indicator, using eight powerful oscillators, including RSI, CCI, and AO, allows for the analysis of regular and hidden divergences, providing precise buy and sell entry signals.

All In One Divergence Indicator Table

The table below provides a summary of this indicator’s specifications:

Indicator in an Uptrend

The ALO Divergence Indicator detects a bullish divergence between the price and the AO oscillator, generating a buy signal.

An increase in green bar volume within the indicator confirms the strengthening of the uptrend and validates the momentum behind price movement.

Indicator in a Downtrend

In the USD/CNH downtrend, the ALO Divergence Indicator detects a bearish divergence, displaying a pink divergence line to signal a sell entry.

As the oscillator’s red bar volume increases, it confirms stronger selling pressure, validating the continuation of the price decline.

Indicator Settings

The full parameter settings of this signal and forecast MT5 indicator are displayed in the image below:a

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

Conclusion

Unlike many divergence indicators that rely on a single oscillator, the ALO Divergence Indicator integrates multiple oscillators, including RSI, CCI, MACD, and AO.

The ALO Divergence Indicator detects both regular and hidden divergences, providing high-precision trading signals directly on the chart.