Tag: divergence indicators

Knoxville Divergence Indicator

The Knoxville Divergence Indicator for MT4 scans charts in order to recognize and plot reversal signals. While these signals occur relatively rarely, they can be very powerful when they appear. In terms of visual display, this just a short trendline connecting two points being tops or bottoms of price for some period. Example chart: Explaining […]

EFC Indicator

The EFC Indicator basic concept is to open position as a reversal trend is detected. As soon as RSI divergence is detected, the indicator puts buy/sell stop order at the level, which the price should reach to be sure the new trend starts. Since this EFC indicator works that same way as the RSI 80-20 […]

RSI Divergence Indicator

The RSI Divergence Indicator for MT4 is responsible for showing a divergence between the price and the Relative Strength Indicator. You can see it as yellow and red lines. The classical RSI indicator is an oscillator that signals the two extremes of the market: oversold and overbought levels. Using the classic 14-period RSI, the sell […]