The All In One (AIO) Divergence Signal forex indicator for MT 4 scans for bullish and bearish divergence between AIO and price.
This is a very useful indicator that works on price action, so basically there’s no lag. It can be applied to any currency pair and timeframe.
The All In One MT4 indicator offers a lot of options and trading alerts such as, push notifications, email notifications, signal buffer,…
The GBP/USD Daily chart below shows the All In One (AIO) Divergence Signal forex indicator in action.
Basic Trading Signals
Divergences are used to look for possible reversals in the trend.
Look to buy: A Bullish divergence occurs between price and AOI in a bearish trend.
Traders would set a stop loss a few pips below the most recent swing low.
Look to sell: A bearish divergence occurs between price and AOI in a bullish trend.
Traders would set a stop loss a few pips above the most recent swing high.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (oscillator, bearish divergence, bullish divergence, support/resistance lines, qSteps, fast MA period, slow MA period, regressions,…)Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: price action
Copy and paste the AIO Divergence.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)