Force Divergence Signal Indicator for Bar-Close Trading

Summary

This Expert Advisor generates a trade signal when a bar closes and a new colored marker appears from the Force_DiverSign indicator. It therefore depends on the indicator’s semaphore-style signals rather than describing an independent entry calculation. The document also notes that an external compiled indicator is required, and that a trading library can support brokers with nonzero spreads and stop-loss or take-profit settings.

The reported example uses USD/JPY on an hourly chart for 2014, with the advisor’s default inputs and no stop loss or take profit. The text refers to chart examples and testing results but provides no numerical performance measures or enough detail to evaluate the test, including position sizing, costs, or the indicator’s signal logic. This is a narrow description of how the advisor is triggered, not a reproducible strategy specification; the unprotected test setup also leaves risk controls unclear.

Key ideas

• A trade signal occurs at bar close when the indicator displays a new colored marker.
• The advisor requires a separately compiled indicator file to generate signals.
• A library is mentioned for handling nonzero spreads and attaching stop-loss or take-profit settings.
• The cited test uses USD/JPY on an hourly chart in 2014, with default inputs and no stop loss or take profit.
• The document omits numerical results and enough methodology to assess performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.