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Suggestion PZ Divergence v12.6

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Vlad1985

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PZ Divergence Trading
Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator.

  • Easy to trade
  • Finds regular and hidden divergences
  • Supports many well known oscillators
  • Implements trading signals based on breakouts
  • Displays suitable stop-loss and take-profit levels
  • Configurable oscillator parameters
  • Customizable colors and sizes
  • Filter divergences by size in bars
  • It implements performance statistics
  • It implements email/sound/visual alerts
To offer a broad market perspective, the indicator can be loaded many times in the same chart using different oscillators, without interference. The indicator supports the following oscillators:

  • RSI
  • CCI
  • MACD
  • OSMA
  • Stochastic
  • Momentum
  • Awesome Oscillator
  • Accelerator Oscillator
  • Williams Percent Range
  • Relative Vigor Index
  • Money Flow Index
  • On Balance Volume
Since divergences can expand quite a bit, especially in the Forex market, this indicator implements a twist: it waits for a donchian breakout to confirm the divergence before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal.


Input Parameters
  • Amplitude: Zig-Zag period used to find divergences
  • Oscillator - Choose the oscillator to load to the chart.
  • Breakout period - Breakout period in bars for the trading signals.
  • Divergence types - Enable or disable divergence types: hidden, regular or both.
  • Min divergence size in bars - Minimum size in bars for a divergence to be displayed.
  • Max divergence size in bars - Maximum size in bars for a divergence to be displayed.
  • Max. history bars - Amount of bars to evaluate when the indicator is loaded.
  • Indicator Settings - Desired indicator settings for all the oscillators involved.
    • RSI period
    • CCI period
    • WPR period
    • Momentum period
    • Stochastic periods
    • MACD settings
    • RVI period
  • Drawing Settings - Choose colors and line sizes of the divergences.
  • Alerts - Enable or disable alerts of all kinds, plus set a custom alert text.
 

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Trading divergence maybe for some trader included good and usually use MACD, or stochastic to look divergence
but this also needs to adjusted the timeframe that used.
 
Thanks for sharing, great idicator :)

I have tried to add it on MT4 graph, but nothing happens ?

- PZ Divergende scanner on main graph
- PZ Divergence indicator on awecome indicator on separate window

We have actually a divergence on EURUSD M15, but nothing displays ?
If someone could verify / help plz :)
Many thanks in advance
Regards
 
Esta é a minha análise para este tópico:
Ótimo indicador. Obrigado por compartilhar.Alguem teria a melhor configuração para esse indicador? Grato.
 
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