The Vladimir Ribakov Divergence Recognition indicator for Metatrader 4 identifies powerful divergences between price and the Vladimir Ribakov oscillator.
Divergences can spot early trend reversals for any currency pair and time frame.
The indicator is versatile and can be used as a standalone buy/sell trend reversal tool.
Buy & sell signal:
- A buy trade is given when a bullish divergence signal occurs on the chart.
- A sell trade is given when a bearish divergence signal occurs on the chart.
The Vladimir Ribakov Divergence Recognition indicator can be combined with any existing trading strategy or system of your preference.
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Vladimir Ribakov Divergence Recognition mt4 indicator in action on the trading chart.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (line distance, max. bar look back), color settings & style
Indicator type: Divergence
How to install the Vladimir Ribakov Divergence Recognition indicator in Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.