The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis.
Input Parameters:
- Period – period of calculation, 10 on default;
- Angle threshold – slope at which a flat is displayed, 6.0 on default (within the range from -6.0 to 6.0);
- Filter by volume – volume filter (divergence signals are not provided in case the volume is below average for the last 50 bars), true by default;
- Display divergence alert – enables notifications about divergence, true by default;
- Arrows displacement – shift of array of divergence signal, default is 5.0;
- Display cross zero alert – enables zero line crossover alert, true by default;
- Draw indicator trend lines – enables indicator trend lines in divergence; true by default;
- Draw price trend lines – enables displaying the trend lines on the price chart during divergence, true by default;
- Line bull divergence color – line color of bullish divergence, green by default;
- Line bear divergence color – line color of bearish divergence, red by default.
Currency pair – any. Timeframe – any.
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