Momentum Divergence Scanner MT5 Indicator

Overview

Momentum Divergence Scanner is a multi-oscillator divergence detection tool for MT5 that monitors RSI and MACD simultaneously for classic and hidden divergences. Divergences are among the most reliable early warning signals for trend exhaustion, and this indicator ensures you spot them across up to 5 timeframes at once.

DarkWolf MT5 AI Robot integrates concepts from this indicator into its automated trading engine. While this free tool helps manual traders analyze the market, our AI-powered robot executes trades automatically using similar logic across XAUUSD, EURUSD, GBPUSD, US30 and more — with a verified 78.4% win rate on gold.

Key Features

• RSI and MACD divergence detection
• Classic and hidden divergence identification
• Multi-timeframe scanning (up to 5 TF simultaneously)
• Divergence strength rating
• Divergence line drawing on price chart
• Real-time alerts with instrument and timeframe details

How It Works

The indicator compares price swing highs/lows with oscillator swing highs/lows. When price makes a higher high but RSI makes a lower high, a bearish classic divergence is confirmed — signaling potential trend exhaustion. When price makes a higher low but RSI makes a lower low, a bullish hidden divergence forms — signaling trend continuation. The scanner checks all configured timeframes and reports divergences with strength ratings.

Best Trading Pairs & Instruments

Swing traders and reversal traders on H1-H4 charts. Particularly effective at catching XAUUSD trend reversals and EURUSD exhaustion points.

This indicator performs exceptionally well when combined with the DarkWolf MT5 EA, which uses similar logic to automatically trade these same instruments 24/5. Whether you prefer manual analysis or fully automated execution, the underlying market principles remain the same.

Recommended Timeframes

M15, M30, H1, H4

For best results, match your timeframe to your trading style. Scalpers should use lower timeframes (M5-M15), while swing traders benefit from H1-H4 analysis. The DarkWolf MT5 EA automatically adjusts its analysis across multiple timeframes simultaneously.

Installation Guide

Install in MT5 Indicators folder. Enable both RSI and MACD for maximum coverage. Set 'Min Swing Size' to filter out micro-divergences that are not tradeable.

System Requirements:

• MetaTrader 5 build 4000 or later
• Windows 10/11 or Mac with Wine
• Min 4GB RAM recommended
• Stable internet connection for real-time data