[FREE DOWNLOAD] RSI Divergence Indicator for MT4
Want to detect potential market reversals before they fully develop?
RSI Divergence Indicator is an automated MT4 tool that identifies bullish and bearish divergences between price action and the Relative Strength Index (RSI).
Instead of manually drawing trendlines, this indicator highlights high-probability reversal zones directly on your chart.
1. What is RSI Divergence Indicator?
- An automatic divergence detection indicator for MetaTrader 4.
- Spots both regular and hidden divergences.
- Draws divergence lines on the main chart and RSI window.
- Helps traders identify potential trend exhaustion and reversals.
- Removes subjective analysis and manual drawing errors.
2. Key Functions
| Feature | Description |
|---|---|
| Bullish Divergence | Price forms lower low while RSI forms higher low — potential upward reversal. |
| Bearish Divergence | Price forms higher high while RSI forms lower high — potential downward reversal. |
| Hidden Divergence | Helps identify trend continuation opportunities. |
| Visual Trendlines | Automatically draws colored lines on price and RSI window. |
| Alert System | Pop-up, sound, and email notifications available. |
3. Installation (1 Minute)
- Download the RSI_Divergence.ex4 file below.
- Open MT4.
- Click File → Open Data Folder.
- Navigate to MQL4 → Indicators.
- Paste the file into the Indicators folder.
- Restart MT4 or refresh Navigator.
- Attach the indicator to your chart.
4. How to Trade Using the Indicator
A. Buy Setup
- Wait for a bullish divergence to appear.
- Confirm RSI is near oversold area (<30).
- Execute a BUY trade with proper stop loss.
B. Sell Setup
- Wait for a bearish divergence.
- Confirm RSI is near overbought area (>70).
- Execute a SELL trade with defined risk.
Pro Trading Tips
- Combine with support and resistance zones.
- Works best on H1, H4, and Daily charts.
- Always apply strict risk management.
5. Perfect For…
- Reversal traders targeting exhaustion zones.
- Swing traders seeking early entry confirmation.
- Intraday traders wanting divergence validation.
- System traders who rely on objective signals.
6. FREE Download – No Registration Required
🎯 Ready to Trade at a Higher Level?
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💬 Stay Connected
📱 Telegram Developer: @DensFridel
🌐 Telegram Channel: DensFridel Strategy
Risk Disclosure: Trading leveraged products carries significant risk and may not be suitable for all investors. This indicator is provided for educational purposes only. Always test on a demo account before trading with real funds.
