545# Force-Volume-Divergence" indicator
Scalping and intraday indicator for trading
Submit by FXD 03/10/2016
Custom
"Force-Volume-Divergence" indicator is a trend-momentum indicator programmed for Metatrader 4 plataform.
Main characteristics:
Timeframe M5,M15,1H
Financial Markets:any.
Custom
Force-Volume-Divergence Indicator is based on 3 main significatives, that professional traders always use in trading systems.
1) Market force. It is a very important aspect of technical analysis, to identify the forces that appears at the begginning of new trend. If new
trend has big force index in many cases we take a very good profit. And when new trend shows low force index, the comming trend always weak and opened trade always get loosing.That is why it is
so important to be able to identify trend force before you place an
order.
2)Volume index helps to determine the strength and sustainability of the trend of market. Up(Bull) trend is considered to be strong and stable, if
the volume index increases and price moves up. When the price starts to decrease, and the volume is reduced, it always mean that the upward trend is in the end phase. The price still may rise
slightly, but as soon as the Bear traders take sell control, the price will get down. And this you can also predict using volume index.
3)As you know, a lot of professional traders often use different divergence indicators to make a decision whether to open a trade or not. Divergence
is an early indication of how the market will behave in the near future. Before a market price starts reverse movement, it usually reaches last peak, and divergence index shows us, that price
does not have power to continue its movement in the same
direction .
Custom Force-Volume-Divergence Indicator is a combination of this main indexes and it shows us the best price level to enter in a trade, because it
is the main aim of this indicator. It gives us a lot of profitable entrance levels. It does not repaint and late. When signal comes indicator show you buy/sell arrows.
In the pictures Force-Volume-Divergence" indicator in action.
Share your opinion, can help everyone to understand the forex strategy
Abdul Hakeem (Monday, 21 September 2020 11:37)
Hello,
Is it possible to gave the source code or for you to modify this indicator as a scanner for multiple symbols ?
Cheers
William (Saturday, 18 July 2020 01:18)
Hi fellow traders,
I don't have the tpl either but after a few adjustments here and there, I have found what sounded to me the closest settings possible. I looked at the very same graphs (2 sept 2015 EURUSD M15, 10 sept 2015 EURUSD M15) and changed parameter one by one.
Here are my values:
Force_Value = 440
Divergence_style = 2
Volume_index = 80
Bars_memory = 200000 (this value is only used to make the computer work out a certain number of bars for this indicator, so do not bother modifying it!!! You can leave 3000 default value)
Signal_frequency = 75...
The screenshots published look quite impressive but if the settings really are what I found, you may not be that satisfied with the results.
Even in Renko charts the results are not that wonderful.
Pooja Adip (Wednesday, 27 November 2019 05:22)
I would love to have this indicator
non (Friday, 13 September 2019 11:11)
hello
Frank (Thursday, 13 June 2019 15:45)
This indicator looks like it would be a good match to my algorithm. If you would please share where I can accurer this indicator.
Lefa Chabeli (Monday, 18 March 2019 18:57)
Hi There,
Kindly share with me the indicator if you mind. It looks like a pretty much good indicator. I just test it - I'm a BIg Trend Trader.
Сергей (Wednesday, 19 December 2018 20:04)
Можно ли использовать его на дневном таймфрейме (Daily) и каковы настройки?
FraG8383 (Monday, 27 August 2018 16:27)
Nice looking system!!!!! Congratulations
Could you please upload a template.
My Force looks different altough the signals are the same.
Do you take buy signals only when signal appers thehistogram is below? the reverse for short
Thanks
Kind regards
kleber (Friday, 04 May 2018 06:05)
ok! vou testalo
cao (Wednesday, 02 May 2018 12:19)
send
rob (Wednesday, 14 March 2018 07:36)
Why doesn't it give a pop up alarm when a signal arrow appears?
Tim (Monday, 06 November 2017 18:32)
I cant download is there another place to download or can you send me link
perron (Friday, 16 June 2017 11:55)
is there an opportunity to get an alarm, when a new signal comes? Thanks
Peter (Friday, 07 October 2016 08:28)
Please, can it be used on the Daily Time Frame and what is the settings? Thanks.
Peter (Thursday, 06 October 2016 13:15)
Well done! Keep the good work up!! Thanks for sharing!!!
kenny (Wednesday, 05 October 2016 12:51)
Ok , thank you FXD.
devil (Wednesday, 05 October 2016 12:36)
Please can you attach tpl? Thanks
FXD (Tuesday, 04 October 2016 23:08)
This indicator does not repaint.
kris (Tuesday, 04 October 2016 12:36)
Repaint?
kenny (Monday, 03 October 2016 15:58)
Thanks for system . A question : Force-Volume-Divergence indicator repaint ?
thank you