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Hi,

Can you please explain how I would go about writing up a divergence EA, using either RSI, MACD, CCI, etc. ???

For instance, for a buy:

The current pivot point of the RSI is higher than the previous pivot point; and the current price pivot point is lower than the previous pivot point.

Now the thing is, the last pivot point is undeterminable by the "shift" functionality within the TA. It needs to be something along the lines of within the last 48 (24 or 12) 5min bars.

Can you please explain and give an example of how I would go about writing up a divergence EA?

Cheers,

You need to build or find an indicator that shows the pivots and then import it into the startegy builder.

Hi,

Sorry for the confusion. I didn't mean that I need pivot points as indicators.

Basically, just as if one was manual trading using CCI, RSI or MACD on their price chart, and a divergence shows. Please have a look at the attached picture to better understand what I mean.

There are no need for extra indicator/s to be imported. Just the default indicators from MT4.

Please advise how I would go about coding "divergence" using molanis?

You need an indicator that does what the red arrows do - Something like a trend line... After that you need to import it and take the signals.

OK. So how do I go about coding up a trendline using molanis?

In the strategy builder you can create conditions that compare the current and n previous bars to get a basic trend-line. However you need a special kind of trend line, the one that connects two spikes which cannot be created with the builder. Your best bet is to search for such indicator in mql4.com - these kind of signals are so easy to draw but really difficult to implement in an indicator.