Divergence trading has the highest win rate of any oscillator-based strategy I run. The catch: spotting divergence requires manually checking multiple oscillators on multiple timeframes, which is tedious and easy to miss. The Divergence Dashboard automates the entire scan — RSI, MACD, Stochastic, and CCI checked for both regular and hidden divergence on M5 through Daily, all in a single panel that flashes when a setup forms.
This is one of the most useful “indicator dashboards” available for MT4. Used right, it catches every divergence setup on your chart without you having to watch.
What is the Divergence Dashboard?
The Divergence Dashboard is a multi-indicator multi-timeframe scanner that runs four major oscillators in parallel and flags divergence patterns automatically. Each cell of the dashboard shows the divergence status (bullish, bearish, hidden bullish, hidden bearish, or none) for one indicator on one timeframe.
The dashboard panel typically displays:
| Timeframe | RSI | MACD | Stochastic | CCI |
|---|---|---|---|---|
| W1 | — | — | — | — |
| D1 | — | Bullish | — | — |
| H4 | Bullish | Bullish | — | — |
| H1 | Hidden Bull | — | Bearish | — |
| M30 | — | — | — | Bearish |
| M15 | — | — | — | — |
| M5 | — | — | — | — |
This example shows multi-indicator confluence on H4 (RSI + MACD both bullish divergence) — a high-probability long setup.
How the Divergence Dashboard Works
The indicator runs each oscillator (RSI, MACD, Stochastic, CCI) on every timeframe and applies divergence-detection logic to find:
Regular Bullish Divergence — price lower lows, oscillator higher lows. Reversal-up signal.
Regular Bearish Divergence — price higher highs, oscillator lower highs. Reversal-down signal.
Hidden Bullish Divergence — price higher lows, oscillator lower lows. Continuation-up signal in uptrends.
Hidden Bearish Divergence — price lower highs, oscillator higher highs. Continuation-down signal in downtrends.
Each detected divergence flashes in the corresponding cell. Optional alerts notify you when:
– ANY divergence appears on any indicator/timeframe
– Multi-indicator divergence (2+ oscillators showing the same divergence on the same timeframe)
– Multi-timeframe divergence (same indicator showing same divergence across 2+ timeframes)
Key Features
- 4 oscillators scanned (RSI, MACD, Stochastic, CCI)
- 7 timeframes scanned (M5, M15, M30, H1, H4, D1, W1)
- Both regular and hidden divergence detected
- Multi-indicator and multi-timeframe confluence alerts
- Customisable timeframes and indicator selection
- Non-repainting on closed bars (current bar updates live)
Best Settings for the Dashboard
| Parameter | Recommended | Notes |
|---|---|---|
| RSI Period | 14 | Standard |
| MACD | 12-26-9 | Default |
| Stochastic | 14-3-3 | Standard |
| CCI Period | 14 | Standard |
| Divergence Lookback | 30 bars | Detect swings within recent 30 bars |
| Timeframes | M5-W1 | All seven default; reduce if too cluttered |
Pros and Cons
| Pros | Cons |
|---|---|
| Eliminates manual divergence-scanning across multiple charts | Detection algorithm is less perfect than manual identification – some false positives |
| Catches multi-indicator confluence you’d miss otherwise | Dashboard panel uses chart space (~250×200 pixels) |
| Real-time alerts mean you never miss a setup forming | Heavy CPU usage compared to single-indicator dashboards |
| Configurable – choose which oscillators and timeframes to scan | Requires manual filter (S/R levels, trend context) – the dashboard finds setups, you still pick which to trade |
How to Install the Divergence Dashboard
Step 1: Download Divergence_Dashboard.ex4 (link below).
Step 2: Drop into MQL4/Indicators via File > Open Data Folder.
Step 3: Refresh Navigator (Ctrl+N), drag onto chart.
Step 4: Configure indicator parameters and timeframe selection. Enable confluence alerts.
Trading Strategy: Divergence Confluence
Setup: Divergence Dashboard configured to alert on multi-indicator confluence (2+ indicators showing same divergence on same timeframe).
Long Entry Rules:
1. Dashboard alerts: 2+ oscillators showing bullish divergence on H1 or H4
2. Price is at or near a higher-timeframe support level
3. The divergence is REGULAR (not hidden) for reversal trades
4. Wait for the next candle to close bullish on the divergence timeframe
5. Enter long on the close of the confirmation candle
Short Entry Rules:
Same as above but bearish divergence at higher-timeframe resistance.
Stop Loss: Beyond the swing extreme that formed the divergence.
Take Profit: Prior opposing structure or 1:2 R:R.
The “2+ indicator confluence” filter is what turns the dashboard from a noisy alert system into a tradeable signal source. Single-indicator divergence on one timeframe is too common to be selective; confluence is rare and high-quality.
Frequently Asked Questions
Is the Divergence Dashboard free?
Yes. Download below.
Does the dashboard repaint?
No on closed bars. The CURRENT (open) bar’s divergence status can change as the bar develops, but historical divergences are locked.
Can I add other oscillators to the scan?
The default version scans RSI, MACD, Stochastic, CCI. Custom builds with additional oscillators (TSI, Force Index) are available — see related links.
Why does the dashboard sometimes miss obvious divergences?
The detection algorithm uses specific swing-confirmation rules. Manual eye-balling of charts will sometimes catch divergences the algorithm misses (and vice versa). Use the dashboard as a screener, not the only check.
Best way to filter false signals?
Multi-indicator confluence (2+ oscillators showing same divergence on same timeframe) plus a higher-timeframe S/R confluence eliminates most false signals.
Download Divergence Dashboard for MT4 – Free
- 4 oscillators × 7 timeframes = 28 scan cells
- Regular AND hidden divergence detection
- Confluence alerts (multi-indicator and multi-timeframe)
- Customisable timeframes and indicator selection
- Real-time updates with non-repainting historical data
Platform: MT4 (Build 1000+)
File type: .ex4
File size: 28 KB
Version: 3.0
Last updated: April 2026
Download the Divergence Dashboard – Free Instant Access
No payment. No catch. Enter your email below and the Divergence Dashboard file lands in your inbox within 60 seconds:
- The non-repainting Divergence Dashboard file (.ex4)
- Step-by-step installation guide with chart screenshots
- Best-performing settings for divergence trading
- The exact confluence-filter rules I use in live trading
- Weekly trading insights from a developer with 16+ years of market experience
Download the Divergence Dashboard Indicator – Free Instant Access
No payment. No catch. Enter your email below and the Divergence Dashboard Indicator file lands in your inbox within 60 seconds. Here’s everything you get:
- The non-repainting Divergence Dashboard Indicator file (.ex4) – install in 30 seconds
- Step-by-step installation guide with chart screenshots
- Best-performing settings for scalping, day trading, and swing trading
- The exact entry and exit rules Dom uses in live trading
- Weekly trading insights from a developer with 16+ years of market experience
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Overall Rating: 4.7/5
| Category | Rating |
|---|---|
| Accuracy | 4.6/5 |
| Ease of Use | 4.7/5 |
| Features | 4.8/5 |
| Value | 4.9/5 |
Related Indicators
- RSI Divergence Trading Strategy – The technique the dashboard automates
- Multi-Timeframe RSI Dashboard – Single-indicator multi-timeframe version
- RSI Indicator MT4
- MACD Indicator MT4
- Best Oscillator Indicators for MT4
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