Metatrader 5 Indicator | ASQ Divergence Detector | Trading Tool Update

New free code from MQL5: indicators, EAs, and scripts for traders.

ASQ Divergence Detector — Spot Reversals Before They Happen

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ASQ Divergence Detector scans your chart for regular and hidden RSI divergences and marks them with color-coded, non-repaint arrows. Each arrow is labeled with its type — Regular Bullish, Regular Bearish, Hidden Bullish, or Hidden Bearish — so you never have to guess what the signal means.

A clean on-chart dashboard tracks the count of each divergence type in real time, giving you a statistical overview of how many bullish vs bearish signals have appeared on the current timeframe.

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Features

• Non-repaint divergence arrows on the main chart
• Four divergence types: Regular Bullish, Regular Bearish, Hidden Bullish, Hidden Bearish
• Color-coded arrows: green (reg bull), red (reg bear), blue (hid bull), gold (hid bear)
• Text labels at each divergence point showing the type
• Stats dashboard with running count per type
• Configurable swing length, lookback depth, and RSI period
• Alert popup, sound, and push notification on new divergence
• Minimal CPU usage — single-file, no external dependencies

Parameters

Detection: Swing length, lookback bars, RSI period, show regular on/off, show hidden on/off, show labels on/off. Alerts: Popup, sound, push notification. Dashboard: Show on/off, position, font size, colors.

Installation

1. Download ASQ_DivergenceDetector.mq5
2. Place in MQL5/Indicators/
3. Compile in MetaEditor
4. Drag onto any chart

MetaTrader 5, all brokers, all instruments, all timeframes. Free and open-source.

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