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The advent of software like Divergence Sync MT5 has brought about a significant revolution in the Forex trading landscape. This software is designed with a unique ability to automatically detect divergences in a large number of indicators with varying parameters, making it a must-have tool for Forex traders.
Functionality of Divergence Sync MT5
Divergence Sync MT5 is equipped to search for divergences across eleven indicators: CCI, CHO, DeMarker, MACD, MFI, Momentum, OBV, OsMA, RSI, Stochastic, and WPR. Traders have the flexibility to search for divergences using a single technical indicator or any combination of them. This flexibility allows for a more comprehensive Forex market analysis, thereby enhancing currency trading strategies.
Divergence Display and Notification System
One of the noteworthy features of this software is its display function. Users can view the details of divergences either in the chart’s subwindows or directly in the main chart window. This is especially helpful for traders to see the divergences and their corresponding technical indicators simultaneously. Moreover, the software has a robust built-in notification system that can send alerts via email, mobile terminal messages, or standard alerts. This feature ensures that traders do not miss any crucial divergence signals that could impact their trading decisions.
Settings and Customization
Divergence Sync MT5 offers a range of customizable settings. For instance, the ‘Min_Extremum_LeftRight’ setting determines the minimum size of the extremum required for divergence detection. The ‘Extremum_Count’ setting allows users to decide whether the extremes should be the left and right edges of the divergence or just one of them. The ‘Min_Dist_LeftRight’ setting specifies the minimum divergence width (measured in candles).
Furthermore, the ‘Overlay_Divergences’ setting, when enabled, permits divergences to overlap each other. The ‘indicator_USE’ setting allows users to toggle a specific technical indicator on or off for divergence search, as well as control its display on the chart.
Integration with Expert Advisor or Other Indicators
For those looking to integrate Divergence Synchronization with Expert Advisor or other indicators, there are two buffers provided: buf0[2] for Buy and buf1[2] for Sell. These buffers facilitate smoother integration and enhance the efficiency of the trading system. Importantly, the indicator does not redraw, ensuring consistency in the divergence detection process.
Independent Testing and Updates
For a more in-depth understanding of how Divergence Sync MT5 functions in a real-world trading environment, users can watch independent testing of the product on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product, which will offer additional insights into its performance and effectiveness in Forex divergence detection.
FAQ Section
1. What technical indicators can Divergence Sync MT5 search for divergences on?
Divergence Sync MT5 can search for divergences across eleven indicators: CCI, CHO, DeMarker, MACD, MFI, Momentum, OBV, OsMA, RSI, Stochastic, and WPR.
2. Can Divergence Sync MT5 be integrated with Expert Advisor or other indicators?
Yes, Divergence Sync MT5 can be integrated with Expert Advisor or other indicators using the two buffers provided: buf0[2] for Buy and buf1[2] for Sell.
3. Can I watch the independent testing of Divergence Sync MT5?
Yes, you can watch independent testing of Divergence Sync MT5 on the forexroboteasy.com website.
We invite you to share your experience using Divergence Sync MT5. Your feedback will not only help us understand the tool’s effectiveness better but also assist other traders in making informed decisions.
Please note that this article is an independent product review and all observations and opinions expressed here are based on careful research and analysis.
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