Smart Divergence Dashboard MT5

Overview of Smart Divergence Dashboard MT5

• The Smart Divergence Dashboard MT5 is a cutting-edge multi-timeframe and multi-symbol tool that helps traders by sending alerts when specific divergences are detected.
• Supports various oscillators and indicators, enabling users to enhance their trading strategies.
• This dashboard can display information for up to 9 different timeframes simultaneously, providing a clear overview of market conditions.

Key Features

• Detects divergences for oscillators like MACD, RSI, CCI, and Stochastic, among others. 🔍
• Combines regular and hidden divergence analyses, which are crucial for identifying potential trend reversals and continuations.
• Alerts traders visually and audibly, allowing them to react swiftly to market changes.

Usage and Setup

• Simply place the indicator on one chart to monitor divergences across multiple symbols.
• Requires use on a clean M5 chart to function correctly without interference from other indicators or expert advisors.
• Clicking a rectangle on the dashboard opens a new chart for the chosen symbol and timeframe, streamlining analysis. 🖱️

Optimization and Customization

• Allows users to enable filters such as moving averages or trend indicators to refine alerts further.
• Offers customization options for the input parameters, enabling traders to adapt the tool to their specific methodologies and preferences.
• Users can prevent repainting of signals, enhancing the reliability of alerts. 🚫

Limitations

• Not supported in the strategy tester, limiting backtesting capabilities.
• Does not draw lines or arrows on charts, which some traders might find essential for visual analysis.
• Functionality may be influenced by the number of symbols and timeframes selected, affecting performance on less powerful systems.