RSI Divergence

Hi, can someone teach me how to write MT4 EA open position by RSI OB, OS divergent and 2 bar delays.

You are using separate window and trying to draw on the main window 0.
You can't simply add 2 buffers for arrow drawing.. that will do on its own window, not chart window 0.

You need to use ObjectCreate to draw object on Main Window 0, not buffer.

use this or similar:

if (ShowArrows)
{
deleteArrow(Time[i]);
if (trend[i] != trend[i+1])
{
if (trend[i+1] == 1 && trend[i] != 1) drawArrow(i,arrowsDnColor,arrowsDnCode,true);
if (trend[i+1] == -1 && trend[i] !=-1) drawArrow(i,arrowsUpColor,arrowsUpCode,false);
}
}




void drawArrow(int i,color theColor,int theCode,bool up)
{
string name = arrowsIdentifier+":"+Time[i];
double gap = 3.0*iATR(NULL,0,20,i)/4.0;

ObjectCreate(name,OBJ_ARROW,0,Time[i],0);
ObjectSet(name,OBJPROP_ARROWCODE,theCode);
ObjectSet(name,OBJPROP_COLOR,theColor);
if (up)
ObjectSet(name,OBJPROP_PRICE1,High[i]+ arrowsUpperGap*Point);
else ObjectSet(name,OBJPROP_PRICE1,Low[i] - arrowsLowerGap*Point);
}


void deleteArrows()
{
string lookFor = arrowsIdentifier+":";
int lookForLength = StringLen(lookFor);
for (int i=ObjectsTotal()-1; i>=0; i--)
{
string objectName = ObjectName(i);
if (StringSubstr(objectName,0,lookForLength) == lookFor) ObjectDelete(objectName);
}
}
void deleteArrow(datetime time)
{
string lookFor = arrowsIdentifier+":"+time; ObjectDelete(lookFor);
}

How can I turn your indicator to auto trading? I need to test run.

Hi! Good job.
This is very old thread, but I’ll try to contribute with a suggestion about the way this indicator should be used.
First of all the following 2 functions should be modified:

GetIndicatiorLastPeak and GetIndicatorLastThrough

A parameter scan_width should be added to these functions. This parameter should substitute the digit 5 which is being added to the shift parameter in the loop function. This parameter should be available in the settings panel and it will make it possible to widen the scan for peaks and bottoms.

For the second when the RSI part of the indicator gives a buy signal, you should count 5 to 10 pips from the highest high of the last 10 to 12 bars and there you should put a buystop.

The same goes for sell signals. When a sell signal appears, you should count 5 to 10 pips from the lowest low of the last 10 to 12 bars and there you should put a sellstop.

This will serve as a confirmation and the idea behind this is that if the price moves through the buffer of 5 to 10 pips then it will most likely confirm the divergence and continue that way.

I have been running some tests on 5 minutes charts and I could easily get 20 to 50 pips winning trades.

Hi can somebody plz add scanning function to it
So that it can find pair with divergence, and take trade

Also for manual or semi automatic trading to find pairs with divergence

scan pairs From the auto list!

Thanks