Elliot Wave Oscillator (EWO) Divergence + Alerts

The Elliott Wave Oscillator (EWO) is the difference between a 5-period and 35-period simple moving average indicator (SMA) which is based on the close of each candlestick. If the price is in an uptrend and the uptrend has historically been stronger over the previous five candles relative to the previous 35, then the indicator will be deemed as positive. 

FX5 OsMA Divergence

The FX5 Divergence indicator for the cTrader platform is a powerful tool for detection value reversal points from support and resistance zones and it can plot divergence lines between the worth and OsMA indicator.

MACD Divergence + Alerts

The Moving Average Convergence Divergence (MACD) indicator is a trend-following momentum indicator that determines the correlation between two moving averages. This indicator is used to determine when there is a bearish or bullish high momentum so the trader can identify the entry and exit prices.

Momentum Divergence + Alerts

The Momentum divergence indicator is the deviation of price and volume expressed as a continuation of a trend without the momentum to support the move. A symbol price may rise, but the volume begins to fall behind the incline which would mean there are no strong buyers.

RSI Divergence

Most traders will look to the RSI indicator for the upper and lower overbought and oversold levels, but they neglect the important divergence that is also embedded in the RSI indicator. An RSI divergence is a powerful indicator that can find possible market reversals by comparing the indicator and market direction.

Video Overview

This is a quick video to help you see what the indicators look like before you download and install them.

* Video length: 4-minutes

• Watch the Video Demonstration

How To Install & Remove

First, make sure you have the cTrader trading platform installed and then unzip the file and double-click on it to automatically install it onto the platform.

• How to install
• How to open
• How to remove
• How to edit settings

Any Questions?

If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.

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* Manual trading only - source code not available.