[FREE DOWNLOAD] Accurate Trend Indicator for MT4
- A double-smoothed stochastic (DSS) to kill market noise
- An adaptive EMA to keep the curve tight to price
Think of it as “Stochastic on steroids” – fast enough for scalpers, smooth enough for swing traders.
1. What It Does For You
| Function | Benefit |
|---|---|
| Color-shifting histogram | See bull & bear momentum instantly (Green = up, Red = down) |
| Dynamic OB/OS arrows | Instant BUY/SELL pop-ups when DSS crosses above 90 or below 10 |
| Built-in alerts | On-screen sound + e-mail (toggle on/off) |
| No repainting | Every signal is fixed after the bar closes – safe for EA coding |
| Multi-asset & TF | Forex, gold, indices, crypto, 1-min to monthly charts |
2. How to Install (30 seconds)
- Download the RSI_Divergence.ex4 file below.
- Open MT4 → File → Open Data Folder → MQL4 → Indicators.
- Copy the .ex4 file into the Indicators folder.
- Restart MT4 (or right-click Indicators → Refresh).
- Drag “RSI Divergence” onto any chart; set colors & alerts → OK.
- Done! The indicator starts scanning immediately.
3. Parameter Cheat-Sheet
| Input | Meaning | Default | Sweet-spot |
|---|---|---|---|
EMA_period |
Speed of the inner EMA | 12 | 8 – 21 |
Stochastic_period |
Look-back for highs/lows | 12 | 8 – 24 |
AlertOn |
Enable sound & e-mail | false | true / false |
Leave the defaults for balanced signals, or lower both numbers for earlier (but noisier) entries.
4. Who Will Love It
- Scalpers – lightning-fast color changes
- Intraday swingers – clean, non-repainting signals
- Gold & index traders – smoother than classic Stoch
- Algo developers – buffer values ready for iCustom()
- Newbies – just follow the arrows on demo
6. FREE Download – No Registration Required
This indicator is 100% free and shared openly to support the trading community. No trials. No subscriptions. No external dependencies.
🎯 Ready for Advanced Trading?
If you are serious about consistent, disciplined trading, explore the premium tools below:
➡️ Neural Edge FX – AI-Powered MT4 Expert Advisor
Advanced algorithmic intelligence combined with strict risk control.
➡️ Gold Rider EA – Specialized AI for Gold Trading
Built specifically for XAU/USD with adaptive trade management.
➡️ Binary Trading System – Premium MT4 Indicator
Clear signals designed to simplify decision-making.
💬 Stay Connected
📱 Telegram Developer: @DensFridel
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