Convergent Divergent Metatrader 4 Forex Indicator

The Convergent Divergent MT4 forex indicator provides trading signals which are based on CDR and a simple moving average.

Buy/Sell signals occur when the blue signal line crosses the red signal line from above or from below.

This is called a forex crossover system.

The indicator loads in a separate Metatrader 4 window below the activity chart.

A buy signal occurs when the blue convergent/divergent line crosses above the red convergent/divergent line from below.

Conversely, a sell signal occurs when the blue convergent/divergent line crosses below the red convergent/divergent line from above.

Free Download

Download the convergent-divergent-range-volatility.mq4” MT4 indicator

Example Chart

The EUR/USD Hourly chart below displays the Convergent Divergent Forex Metatrader 4 indicator in action.

Basic Trading Signals

Signals from the Convergent Divergent MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Open buy position when the blue signal line crosses above the red signal line from below.

Sell Signal: Open sell position when the blue signal line crosses below the red signal line from above.

Trade Exit: Use your own method of trade exit.

Download

Download the convergent-divergent-range-volatility.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (SMA Period, CDR Window, Delta) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Convergent/Divergent

Installation

Copy and paste the convergent-divergent-range-volatility.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

Share Now!