Divergence Scanner (MetaTrader 5 and MetaTrader 4)

A scanner indicator that shows the latest RSI, MACD, Stochastic, CCI and OBV divergence of many symbols and timeframes in one panel on your chart, how long ago it was confirmed and how many oscillators agree, and sends an alert when a new one appears.

This is a showcase repository: documentation and images only. There is no source code here. The product is sold on the MQL5 Market. The free single-chart indicator it builds on has public source: allanninal/divergence-signal-alerts.

Website: allanninal.dev/mql5 (indicators) · MT4 editions · allanninal.dev · Contact: message me on LinkedIn.

Get it on the MQL5 Market

Product	Platform	Price	Link
Divergence Scanner MT5	MT5	paid	https://www.mql5.com/en/market/product/201796
Divergence Scanner MT4	MT4	paid	https://www.mql5.com/en/market/product/202403
Divergence Signal Alerts (single chart, source on GitHub)	MT5	free	https://www.mql5.com/en/market/product/201785
Divergence Signal Alerts MT4 (single chart, source on GitHub)	MT4	free	https://www.mql5.com/en/market/product/202356

The scanner is standalone: you do not need to install the free indicator to use it. Details, current price and the Strategy Tester demo are on the Market pages.

What it does

• A panel on the chart with symbols as rows and timeframes as columns. By default it lists the symbols in your Market Watch against M15, H1, H4 and D1; you can use your own lists instead.
• In each cell: BULL or BEAR (h marks a hidden divergence), the closed bars since it was confirmed, and x1, x2, x3 ... for how many oscillators agree, for example BULL 3 x3.
• Five oscillators, each of which can be switched off: RSI, MACD, Stochastic, CCI and OBV (tick volume).
• You choose how many oscillators must agree before a cell shows a divergence, and how many before an alert is sent.
• A brighter cell when the divergence is recent (you choose how many bars count as fresh).
• Click a cell to open that symbol and timeframe.
• Alerts: pop-up (on by default), sound, push notification and e-mail, each switched separately. Nothing is sent while history loads, never twice for the same cell and bar, and not in the Strategy Tester. Cells that confirm together are sent as one message.
• Closed bars only. A cell does not change after its bar has closed. It places no orders.
• Works on any symbol with history, including gold and crypto.

flowchart LR
    A[Attach to any chart] --> B[Pick symbols:<br/>Market Watch or your own list]
    B --> C[Pick timeframes and oscillators]
    C --> D[Panel shows BULL or BEAR,<br/>bars since it was confirmed, how many agree]
    D --> E{New divergence?}
    E -- yes --> F[Brighter cell + alert]
    E -- no --> D
    F --> G[Click the cell<br/>to open that chart]

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The grid at a glance

Each cell is one symbol on one timeframe. You read the market across the whole list in a single look instead of flipping through charts.

flowchart TB
    subgraph PANEL[Panel on your chart]
        direction TB
        H[Symbol / M15 / H1 / H4 / D1]
        R1[EURUSD: cell, cell, cell, cell]
        R2[XAUUSD: cell, cell, cell, cell]
        R3[GBPJPY: cell, cell, cell, cell]
        R4[BTCUSD: cell, cell, cell, cell]
    end
    PANEL --> K[Click a cell: opens that symbol and timeframe]

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What a cell can show

stateDiagram-v2
    [*] --> loading: terminal still downloading history
    loading --> none: fills in by itself
    loading --> BULL: a divergence is confirmed
    loading --> BEAR: a divergence is confirmed
    loading --> na: symbol or timeframe unavailable
    none --> BULL: a closed bar confirms one
    none --> BEAR: a closed bar confirms one
    BULL --> BEAR: a later one points the other way
    BEAR --> BULL: a later one points the other way

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MT4 edition screenshots: panel on a chart, reading a cell. Some screenshots are illustrations built from broker history, not terminal captures.

Who it is for

Traders who use divergence on several symbols or timeframes. If you watch one chart with RSI and MACD, the free Divergence Signal Alerts is enough.

Why it was built

• Divergence is one of the most-requested classic methods in our October 2026 market research: hundreds of divergence indicators exist on the MQL5 Market and the most popular single-oscillator ones sell at about 30 USD, but multi-symbol scanners were a thinner tier.
• The same research found that the named method is requested only rarely on freelance boards, so this is a convenience product for people who already use divergence, not a claim of mass demand.
• Design rule carried over from the free indicator: trust. Cells use closed bars only, so what you saw does not change.

How often it signals

Starting-settings table from the listing: how often a cell gets a new divergence, per symbol per month, on EURUSD, GBPUSD, USDJPY and XAUUSD, October 2023 to October 2026, closed bars, default settings. A code count, not a trading result.

Timeframe	Any oscillator	2 or more agree	3 or more agree
M15	about 61 to 67	about 25 to 28	about 9 to 12
H1	about 14 to 16	about 6 to 7	about 2 to 3
H4	about 3 to 4	about 1.4 to 1.8	about 0.4 to 0.7
D1	about 0.4 to 0.6	up to 0.4	fewer than 0.2

xychart-beta
    title "Divergences per month per symbol, M15 and H1 (midpoints of the ranges above)"
    x-axis ["M15 any", "M15 2+", "M15 3+", "H1 any", "H1 2+", "H1 3+"]
    y-axis "per month" 0 --> 70
    bar [64, 26.5, 10.5, 15, 6.5, 2.5]

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How it was checked (results)

Every cell value was compared with an independent Python calculation. Results of the MT4 edition's final run (MetaTrader 4 Strategy Tester, 4 symbols, M15 and the higher timeframes the cells read):

Check	Result
Test files compared	156, all pass
Values compared	25,669,360, 0 differences
Panel counts vs the test's own cells, every tick	8,802,927 ticks, 0 mismatches
Excluded	the start-up ticks of each run (188,583 in total), before every cell has its full window
Cells using the forming bar	none; live runs used closed bars only

xychart-beta
    title "MT4 edition: checks that passed (millions)"
    x-axis ["Values compared", "Panel ticks matched"]
    y-axis "millions" 0 --> 30
    bar [25.67, 8.8]

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The MT5 edition runs the same calculation. Its checks: the divergence engine matched the Python reference bar by bar on 48 of 48 test files (engine and loader), and passed a repaint test (XAUUSD H1, 91,052,717 ticks, 0 changed signals). These are code checks, not trading results.

Honest limits

• A scanner shows the state of a technical rule. It does not predict the market, and past signals are no indication of future results. No profit or accuracy claim is made. Agreement between oscillators is not a promise of a turn.
• A divergence is only known a few closed bars after the pivot formed, so a cell is always late by design.
• OBV uses tick volume, which differs between brokers.
• It is an indicator: it places no orders and manages no risk.
• It needs the terminal running to alert, and push needs your MetaQuotes ID set up in the terminal.
• The source is not published; this repository documents what the product does and the results of its checks.

Free vs paid

	Divergence Signal Alerts (free)	Divergence Scanner (paid)
Scope	one chart	many symbols x timeframes in one panel
Oscillators	RSI, MACD	RSI, MACD, Stochastic, CCI, OBV, with a count of how many agree
Output	arrows and lines on the chart	BULL / BEAR cells with bars since confirmation
Alerts	pop-up, sound, push, e-mail	pop-up, sound, push, e-mail
MT5	201785	201796
MT4	202356	202403
Source	public on GitHub	not published

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Website: allanninal.dev/mql5 · MT4 · allanninal.dev · Questions: message me on LinkedIn. All rights reserved, see LICENSE.