Configuring a Multi-Oscillator Indicator for Price Divergence Signals
Summary
This document describes a configurable chart indicator for identifying bullish and bearish divergence between price and an oscillator. It also includes hidden divergence, support and resistance lines, and optional channel displays. Users can select from a list of oscillators, adjust their calculation settings, and choose how many historical bars and signal steps to display. The indicator can issue terminal, email, or push alerts, and exposes a signal buffer that can be used by an automated strategy.
The parameter list explains the available controls and provides defaults, including settings for common oscillators and moving average calculations. It does not provide examples, backtest results, or evidence that the divergence signals are profitable or reliable. Its many configurable options make behavior dependent on chosen inputs, and alert delivery or automated use depends on the platform setup. The description is therefore a feature and configuration overview, not a validated trading method.
Key ideas
- The indicator marks bullish and bearish divergence using a selectable oscillator.
- It also offers hidden divergence signals and optional support, resistance, and channel drawings.
- Oscillator periods, price inputs, moving average settings, and displayed history can be adjusted.
- Alerts can be enabled separately for terminal, email, and push notifications.
- A signal output is available for automated strategies, but the document reports no performance tests.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.