Spearman Divergence Indicator
Spearman Divergence
Spearman Divergence Generation III (Spearman divergence, generation III) – a modern lamp with a complex mathematical algorithm (development BJF Trading Group). The indicator shows divergence both in the window and on the price chart. Arrows appear above / below the current bar, not on the already closed bars. You can see the right moment to enter the market. With this indicator can not be late. Signals based on closed bars, so the arrows above / below the open bar will never disappear.
Indicator Spearman Divergence for MetaTrader 4 – a short description
The indicator shows the fractal of the discrepancy indicator Spearman (Spearman indicator). The divergence between the indicator and price Spearman indicates a high probability that the current trend will end soon. A buy signal appears when the new lower fractal formed below the previous one, and the corresponding value Spearman (Spearman value) is situated above the previous one. Sell signal appears when the new upper fractal formed above the previous one, and the corresponding value Spearman – below the previous one. The indicator has a lot of customizable options.
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