Sibbet Demand Index Divergence Indicator MetaTrader 4 (MT4) –Free

The Sibbet Demand Index Divergence Indicator serves as an analytical instrument designed to detect divergences between price movements and underlying demand strength within financial markets.
This trading tool assesses the consistency between price trends and the genuine actions of buyers or sellers.
In scenarios where prices exhibit an upward trend but demand support remains weak, the probability of a trend reversal rises. Similarly, declining prices coupled with indications of growing demand may signal an impending upward pivot in the market.

You can download it from this link:

https://cdn.tradingfinder.com/file/4...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.cryptocraft.com/thread/1...dicator-on-mt5

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

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Key Features of the Sibbet Demand Index Divergence Indicator

1. Indicator Categories: Oscillators MT4 Indicators, Trading Assist MT4 Indicators, Momentum Indicators in MT4.

1. Platforms: MetaTrader 4 Indicators.

1. Trading Skills: Intermediate.

1. Indicator Types: Reversal MT4 Indicators.

1. Timeframe: Multi-Timeframe MT4 Indicators.

1. Trading Style: Intraday MT4 Indicators.

1. Trading Instruments: Share Stocks MT4 Indicators, Indices Market MT4 Indicators, Commodity Market MT4 Indicators, Stock Market MT4 Indicators, Cryptocurrency MT4 Indicators, Forex MT4 Indicators.

Sibbet Demand Index Divergence at a Glance
The Sibbet Demand Index Divergence Indicator for MetaTrader 4 plots divergence lines between the price chart and the demand index, exposing discrepancies between price action and actual market strength.
This indicator employs color-coded histograms to visually emphasize shifts in demand and buying or selling pressure.

Indicator in Bullish Trend
The accompanying price chart illustrates the GBP/USD currency pair on a 5-minute timeframe. During a bullish setup, positive divergence emerges when the price establishes a lower low, yet the demand indicator registers a higher low.
This inconsistency reveals mounting buying pressure that is not immediately apparent, despite the price chart maintaining a bearish appearance.
Such divergences often indicate exhaustion among sellers and the incremental involvement of buyers, functioning as an advance signal for a possible upward trend reversal.

Indicator in Bearish Trend
The chart provided depicts the BNB cryptocurrency index on a 15-minute timeframe.
In cases of bearish divergence, the price achieves a higher high while the indicator produces a lower high, signifying a reduction in demand and diminishing buyer momentum.
This type of divergence elevates the chances of a bearish reversal. Traders frequently seek confirmation through breaks in trendlines or the formation of bearish candlestick patterns to validate entry points.

Sibbet Demand Index Divergence Settings
The settings panel for the Sibbet Demand Index Divergence Oscillator includes the following parameters:

1. Length: Defines the calculation period for the index.

1. Phase: Specifies the signal phase or shift.

1. Double: Represents a numeric value with decimal precision.

1. Signal Length: Sets the calculation period for the signal line.

1. Signal Phase: Determines the phase specific to the signal line.

1. Signal Double: Applies double calculations to the signal line.

1. Show Intermediate: Toggles the display of intermediate values.

1. Divergence Visible: Enables the visibility of divergences.

1. Divergence On Value Visible: Activates divergences based on values.

1. Divergence On Chart Visible: Allows visual display of divergences directly on the chart.

1. Divergence Bullish Color: Selects the color for bullish divergences.

1. Divergence Bearish Color: Chooses the color for bearish divergences.

1. Divergence Unique ID: Assigns a unique identifier for divergences.

1. Histogram on Slope: Configures histogram display according to slope.

1. Interpolate: Enables interpolation for discrete data.

1. Alerts On: Activates general alerts.

1. Alerts On Slope: Triggers alerts on slope changes.

1. Alerts On Current: Issues alerts for the current candle.

1. Alerts Message: Enables text-based message alerts.

1. Alerts Sound: Turns on sound alerts.

1. Alerts Email: Sends alerts via email.

1. Arrows Visible: Displays arrows.

1. Arrows On Slope: Shows arrows upon slope changes.

1. Arrows On Current: Draws arrows on the current candle without delays.

1. Arrows Displacement: Adjusts the offset of arrows from their original positions.

1. Arrows Up Color: Sets the color for upward arrows.

1. Arrows Dn Color: Defines the color for downward arrows.

1. Arrows Up Code: Specifies the code for upward arrows.

1. Arrows Dn Code: Indicates the code for downward arrows.

1. Level OB: Establishes the overbought reference level.

1. Level OS: Sets the oversold reference level.

1. NOTIFICATION: Manages push notifications.

1. MESSAGE TIMEOUT: Defines the interval between alerts.

1. MESSAGE SUBJECT: Specifies the subject line for alert messages.

Conclusion
The Sibbet Demand Index Divergence Indicator for MetaTrader 4 identifies bullish and bearish divergences by contrasting price movements with underlying demand strength.
Bullish divergences imply increasing demand amid a downtrend, suggesting a potential reversal upward.
Conversely, bearish divergences indicate waning demand during an uptrend, pointing toward a probable downward reversal.