No repaint forex super divergence-convergence indicator light

Please do not: Don't go short in the uptrend, don't go long in the downtrend. Top divergences that occur because of a strong uptrend are usually only temporary pullbacks. Bottom divergences in persistent declines are also temporary rallies. Do not attempt to trade such low-return trades.

It is recommended to use the divergence indicator when the stock price has made a new high and retraced, and once again made a new high, because this often leads to the end of the trend. Divergence how to use: 1.

After the previous candlestick was completely closed, a bottom divergence was found. Open an long order at the beginning of the second bar, or as close to the bottom as possible because the stop loss will be smaller. Break the stop loss price below the previous low where the divergence occurred, which already means that the divergence is wrong. Release Notes: changes:Added rsi and macd to set the length of days, if you set a smaller number of days, you can get more divergance tips.

Release Notes: changes: Fixed alarm event. Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.

You can favorite it to use it on a chart. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. It is displayed directly on the main trading chart.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences. How does it work? How to apply in trading? There is a buying opportunity after the green box is provided. Conversely, there is a selling opportunity after the red box is provided. Detailed instructions can be found below.

To be a profitable trader you need to master discipline, emotions, and psychology.

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There are very few forex non-repaint indicators out there. However, if use VPS or run the chart for 24 hours, the arrow usually does repaint. Truth Revealed When using any scalping indicators, support and resistance indicator , or other strategies indicators, just make sure it does not repaint aggressively and find out the way of using it. There are some steps to follow when you take any forex trade: Do not take trade against the trend, check out the major trend as well as the minor trend.

When major and minor trends are in the same direction, that trade will be the perfect one. Usually, all the forex indicators provide arrows for each signal. Do not take a trade without the arrow signal as well as follow trends. Follow proper money management. Setup proper stop loss and take profit. Do not miss to place the proper stop loss because this is the main reason almost all the new trades lose balance.

Do not over trade in a week or month. Statistics show that new forex trades over trade and lose their balance. How to download and add the indicator to the MT4 chart: Download all the forex indicator from the below link Unzip files with unzip software. Use icmarkets mt4 platform and open the mt4. Go to meta4 folder and paste all files here indicators system. You can also paste here trend change indicators mt4. Now close all meta 4 broker files and restart the chart.

At the first glance, it may look that there are too many arrows displayed. This is partially true, but suggest adding a filter in the form of, for example, the period Exponential Moving Average. That way we only trade in the direction of the main trend and provided signals are much less noisy. Buy Signal Follow these steps for a long trade: Price is located above the moving average No Repaint indicator provides buy arrow Price swings higher from recent low swing Buy trade is triggered after the above conditions are met Set stop loss a few pips below the last swing low of the market Take profit or exit whenever the No Repaint indicator provides opposite arrow or use your own method of trade exit Sell Signal Follow these steps for a short trade: Price is located below the moving average No Repaint indicator provides sell arrow Price swings lower from recent high swing Sell trade is triggered after the above conditions are met Set stop loss a few pips above the last swing high of the market Take profit or exit whenever the No Repaint indicator provides opposite arrow or use your own method of trade exit As always, to achieve good results, remember about proper money management.

To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. How to set up the No Repaint indicator in MT4? Installation Guide Download the No Repaint. Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart. Bottom Line The No Repaint indicator is well worth adding to your trading collection.

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I added labels from myself, plus bit of rework and here it is: I hope you'll find it useful. While analyzing divergences today, I discovered one thing. Hidden divergences are not useless, as many people think. But they should be used at trend dips to join the trend, not at trend ends, as reversals. Experiment yourself. They need confirmation, they are not self-fulfilling prophecy.

Ping me if you need support with installation. Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.

You can favorite it to use it on a chart. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use. Want to use this script on a chart?

Its simplicity is the reason behind its unpopularity among traders. It allows traders to identify the highs and lows of each candlestick. The zigzag indicator is perfect for combining it with the pin bar indicator. With this feature, you can quickly identify trends, along with support and resistance levels. Buying and selling are what control these highs and lows in the market. The zigzag indicator helps pinpoint these areas, which can be used as horizontal support and resistance levels.

Bollinger Bands Another important indicator that most traders are familiar with is the Bollinger bands. Its primary function is to move along with the volatility in the market. It comprises of three moving averages. The upper and lower bands are 2 standard deviations of the middle band, which show the current trend of the market. The price of a currency pair moves along the around the middle line, which causes the upper and lower lines to move apart or come closer.

The wider the distance between these two lines, the higher the volatility of the market. Besides this, you can also use the Bollinger band to know when a currency pair is in an overbought state. This normally happens when the price of the pair moves closer to the upper band.

However, if it declines below the lower band, it indicates a long signal. Stochastic Indicator Our last indicators in this article are the Stochastic Indicator, which compares the closing price of an asset over some time. The indicator allows traders to identify currency pairs that are oversold or overbought.

The stochastic oscillator has two simple lines — the main and signal lines. Traders use these lines to identify when a currency pair is overbought or oversold. Alternatively, if the price goes below the 20 levels, it indicates an oversold condition. That means traders will be looking for opportunities to go long. However, non-repainting indicators remains the most popular ones amongst traders, hence the huge variety of such indicators. To ensure you have the best out of your trading career, it is a must to use the very best tools available, and we have exactly that for you through our best forex indicator website.

So check it out and move up to the stairs of success.