Knoxville Divergence Indicator MT5 Download – Free – [TradingFinder]

The Knoxville Divergence Indicator is built using two technical indicators: Relative Strength Index (RSI) and Momentum.

By analyzing the difference between price movement and momentum, this indicator identifies conditions where the current trend may weaken, signaling the possibility of a reversal or price correction.

Knoxville Divergence Detection Indicator Specifications Table

The specifications of the Knoxville Divergence Detection Indicator are presented in the table below.

Knoxville Divergence Detection Indicator at a Glance

The Knoxville Divergence Indicator analyzes momentum to detect price divergences and displays them as colored lines on the chart.

These lines include:

• Green line: Represents positive divergence
• Red line: Indicates the presence of negative divergence

Positive Divergence

According to the GBP/USD 30-minute chart, the indicator has identified a divergence between price and momentum and displayed it on the chart.

In such a situation, traders may enter buy positions based on their analysis and trading strategy.

Negative Divergence

According to the EUR/JPY chart, by comparing price movement and momentum, the indicator has revealed a negative divergence. As shown in the chart, the price entered a downtrend after this divergence appeared.

Knoxville Divergence Indicator Settings

The following image shows the settings panel of the Knoxville Divergence Detection Indicator:

• LookbackCandles: Number of candles analyzed for divergence
• MomentumPeriod: Momentum calculation period
• MomentumPrice: Price for momentum calculation
• RSIPeriod: RSI calculation period
• RSIPrice: Price for RSI calculation
• RSIBearLimit: Overbought threshold
• RSIBullLimit: Oversold threshold

Conclusion

The Knoxville Divergence Detection Indicator, using the RSI and Momentum, analyzes the difference between price movement and actual market strength to identify divergences.

These divergences are shown as a green line for bullish signals and a red line for bearish signals on the chart. The main role of this indicator is to provide early warnings for potential trend reversal zones.