All Divergence Indicator: Pivot Pairs Against The RSI

Written by Dominic Walsh · Published 27 Jul 2026 · Last updated 18 Sep 2026

The all divergence indicator compares two pivots and the reading underneath them. Price makes a lower low while the RSI makes a higher one, and that disagreement is what earns a mark on the chart.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.

Platforms	MT4 (.ex4) + MT5 (.ex5)
Chart window	Main price chart
Plots	2: BUY (bullish divergence), SELL (bearish divergence)
Alerts	popup, push notification, email, sound
Inputs	17

What the build shows

`BUY (bullish divergence)` uses arrow 233 in lime.

`SELL (bearish divergence)` uses arrow 234 in red.

Trend objects join the two pivots that produced each reading.

Marks sit `ArrowOffsetPts` `45` points from the candle.

• BUY (bullish divergence): arrow, lime, width 2, arrow code 233
• SELL (bearish divergence): arrow, red, width 2, arrow code 234

Under the hood

Pivots need both sides

`LeftBars` `5` and `RightBars` `5` set how many bars a pivot must beat either side. The right side is the delay, since those five bars have to close before anything confirms.

The pair has to be sensibly spaced

`MinGap` `3` and `MaxGap` `60` bound how far apart two pivots may sit. Too close and the comparison is noise. Too far and the two swings belong to different moves.

Then price and reading must disagree

A bullish mark needs a lower price low against a higher RSI low at `RsiPeriod` `14`. The bearish case mirrors it exactly.

What the states mean

The drawn line shows exactly which two pivots produced the reading.

Every mark confirms five bars after its pivot, without exception.

`SignalOnClosedBarsOnly` `true` keeps a mark from appearing mid-bar.

Divergence can persist for a long time before price responds.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

`EnableAlerts` is the master switch and starts true with `EnablePopup`. `EnablePushNotify` reaches a mobile device, `EnableEmail` posts mail and `EnableSound` plays `SoundFile`. Those three arrive false. Marks report on closed bars.

Every All Divergence Indicator input

Core settings

Setting	What it does	Default
LeftBars	Bars to the left of a pivot. Bars a pivot must beat on the older side, default `5`.	5
RightBars	Bars to the right (confirm delay). Bars it must beat on the newer side, default `5`.	5
MinGap	Min bars between paired pivots. Closest two paired pivots may sit, default `3`.	3
MaxGap	Max bars between paired pivots. Furthest apart they may sit, default `60`.	60
RsiPeriod	RSI period. Bars in the reading behind the comparison, default `14`.	14
SignalOnClosedBarsOnly	Confirm on closed bars only. Confirm only on completed bars, default `true`.	on

Display settings

Setting	What it does	Default
ArrowOffsetPts	Arrow offset from the bar (points). Points between a mark and the candle, default `45`.	45
BullLineColor	Bullish divergence trendline. Colour joining a bullish pair, default `clrLimeGreen`.	lime green
BearLineColor	Bearish divergence trendline. Colour joining a bearish pair, default `clrTomato`.	tomato
LineWidth	Divergence trendline width.	2

Alert settings

Setting	What it does	Default
MaxBars	History bars to scan (0 = all). History the scan covers, default `2000`.	2000
EnableAlerts	Master alert switch.	on
EnablePopup	Popup alert.	on
EnablePushNotify	Push notification to mobile.	off
EnableEmail	Email alert.	off
EnableSound	Sound alert.	off
SoundFile	Sound file.	alert.wav

Timeframes worth trying

Divergence needs swings worth pairing. EURUSD H1 is the reference chart, where `MaxGap` `60` reaches two and a half days back. On M5 the pairs come thick and most mean little. H4 gives fewer and better ones.

What it misses

A five-bar right side means every mark is five bars late.

Divergence can run for weeks before price agrees, or never resolve at all.

The reading pairs only pivots, so a slow drift apart goes unnoticed.

Copy the compiled All Divergence Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the All Divergence Indicator: Financial Information eXchange on Wikipedia, Price Channels at StockCharts ChartSchool.

Download the All Divergence Indicator for MT4 and MT5

The zip holds the compiled All Divergence Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

FAQ

Why does RightBars 5 delay every mark?

A pivot cannot confirm until five newer bars have closed without beating it. That is five hours on an hourly chart, so the divergence is always visible in hindsight before the tool draws it.

What does MaxGap 60 rule out?

Pairs more than sixty bars apart. Beyond that the two swings usually belong to different moves, so comparing their readings says little. Narrowing it makes each pair more closely related.

Does MinGap 3 matter much?

It stops two pivots three bars apart being treated as a meaningful pair. Adjacent swings produce readings so similar that any difference between them is noise rather than divergence.

What do the BullLineColor lines show?

The two pivots behind each bullish reading, joined so you can check the comparison yourself. Seeing the pair is what separates a real divergence from a mark you have to take on trust.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the All Divergence Indicator as one input. Always backtest before trading live.