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Wildhog Divergence Forex Indicator (MT4)

The Wildhog Divergence Forex indicator for Metatrader 4 identifies both classic and hidden divergences between price and the Wildhog indicator.

The indicator transforms the bullish and bearish price divergences found into easy to use buy and sell signal arrows.

After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

Key Points

  • Identifies classic & hidden divergences
  • Draws arrows on the chart
  • Works for any trade style
  • Well worth adding to your indicator collection

This indicator can work together with any existing trading strategy or system.

Free Download 

Download the “Wildhog.mq4” MT4 indicator

Indicator Example Chart

The EUR/USD 15-minute chart below shows the Wildhog Divergence technical indicator in action.

Basic Trading Signals

BUY:

  • Open a buy position when the green Wildhog Divergence signal arrow gets printed on the chart.
  • Place stop loss below short-term support.
  • Exit the buy trade for a predetermined profit target or wait for a sell signal.

SELL:

  • Open a sell position when the magenta Wildhog Divergence signal arrow gets printed on the chart.
  • Place stop loss above short-term resistance.
  • Exit the sell trade for a predetermined profit target or wait for a buy signal.

Download This Forex Indicator

Download the “Wildhog.mq4” MT4 indicator

Adjustable Parameters & Settings

Length, overbought level, oversold level, divergence arrow size, draw divergences, show hidden divergence, show classic divergence, alerts, colors, style

Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

More Info About This Indicator

Currency Pairs: works on any currency pair

Trading Platform: developed for Metatrader 4 (MT4)

Time Frames: any

Indicator Type: divergence signals

How to install the Wildhog indicator in Metatrader 4?

  • Copy and paste the Wildhog.mq4 indicator into the MQL4 indicators folder.
  • You can access this folder from the top menu as follows:
  • File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?

  • Right click in the chart
  • Select indicators list
  • Click on the indicator’s name
  • Click on the delete button