Identify Potential Market Divergence with Greater Clarity

Stochastics Double Divergence Pro for MultiCharts is a specialized technical-analysis indicator designed to help traders identify and visualize regular and hidden bullish and bearish divergence signals using the Stochastics oscillator.

Instead of relying on a single divergence observation, the indicator evaluates multiple swing relationships and presents qualifying signals directly on your MultiCharts chart. Visual markers, divergence trend lines, configurable range settings, and optional alerts make it easier to incorporate divergence analysis into discretionary trading workflows.

Whether you trade short-term setups or analyze broader market swings, Stochastics Double Divergence Pro provides a structured way to monitor Stochastics divergence without requiring manual chart inspection of every potential swing.

Key Features

Four Types of Divergence Signals

The indicator supports four distinct divergence categories:

• Regular Bullish Divergence

• Hidden Bullish Divergence

• Regular Bearish Divergence

• Hidden Bearish Divergence

Each signal type can be independently enabled or disabled, allowing traders to customize the indicator according to their preferred divergence methodology.

Double Divergence Visualization

When a qualifying divergence signal is detected, the indicator can draw two corresponding divergence lines connecting relevant price swing points. Matching lines are also displayed in the Stochastics area, helping traders visually compare price movement with oscillator behavior.

This makes divergence structures easier to recognize directly on the chart instead of interpreting oscillator values in isolation.

Clean Visual Signal Markers

Optional signal characters are displayed directly around the relevant price area:

• R — Regular divergence

• H — Hidden divergence

Bullish and bearish signals use distinct visual colors, providing quick chart recognition while keeping the underlying price action visible.

Multi-Range Divergence Analysis

Stochastics Double Divergence Pro supports three configurable analysis ranges:

Short Range

Designed for shorter swing structures, with adjustable detection behavior around shorter market movements.

Mid Range

Provides a broader swing perspective for traders who want to monitor intermediate structures.

Long Range

Extends the analysis to larger swing relationships for a broader view of potential divergence.

You can enable Short Range, Mid Range, Long Range, or combinations of these ranges according to your chart-analysis preferences.

This multi-range design allows the same indicator to monitor different types of market swings without requiring separate indicators for each range.

Stochastics-Based Analysis

The indicator uses the Stochastics oscillator as its primary analytical component and provides configurable parameters for:

• Stochastics Length

• Smoothing Length 1

• Smoothing Length 2

• Smoothing Type

• K-value or D-value divergence analysis

The indicator also plots the Stochastics %K and %D lines, together with configurable upper, middle, and lower reference levels.
Default reference levels are:

• Overbought: 80

• Middle: 50

• Oversold: 20

These settings can be adjusted to suit different charting and analysis preferences.

Optional Enhanced Mode

For traders who want an additional layer of signal filtering, the indicator includes an Enhanced Mode setting.

When enabled, the indicator applies additional validation to qualifying divergence structures before displaying the signal. This provides traders with an optional way to make the displayed divergence signals more selective without exposing or requiring manual configuration of the underlying detection methodology.

Optional Signal Confirmation

A configurable Wait setting allows the indicator to incorporate an additional bar confirmation condition before displaying divergence signals.

This option can be useful for traders who prefer signals to have additional price-bar confirmation rather than appearing immediately when a qualifying structure is identified.

Automatic Signal Management

Charts can become difficult to read when historical signals accumulate. Stochastics Double Divergence Pro includes a configurable option to control how recently generated signals are displayed.

With Only Show Last Signal Within Bars, traders can specify how closely spaced signals should be managed. When a newer signal falls within the configured window, previously displayed objects for the corresponding signal category can be removed to help maintain a cleaner chart.
This helps keep attention focused on more recent divergence structures.

Configurable Divergence Lines

The visual appearance of divergence lines can be customized with:

• Line 1 color

• Line 2 color

• Line width

• Line style

• Show/hide divergence lines

The same visual configuration is applied to the corresponding price and Stochastics divergence drawings, creating a consistent chart presentation.

Alerts for New Divergence Signals

Optional alerts can notify traders when a supported divergence signal is generated.

Alerts are available for:

• Regular bullish divergence

• Hidden bullish divergence

• Regular bearish divergence

• Hidden bearish divergence

The alert system can be enabled or disabled through the indicator settings.

Why Use Stochastics Double Divergence Pro?

Reduce Manual Divergence Scanning

Finding divergence manually can require repeatedly comparing price swing points with oscillator movement.

Stochastics Double Divergence Pro automates the chart visualization of qualifying divergence structures, allowing traders to spend more time evaluating the broader market context and less time manually drawing comparison lines.

See Price and Oscillator Relationships Together

A divergence signal is displayed through both the price chart and the Stochastics pane, making it easier to visually inspect the relationship between price movement and oscillator behavior.

Adapt the Indicator to Your Trading Style

Different traders focus on different market structures. The configurable short-, mid-, and long-range settings allow the indicator to accommodate multiple swing perspectives within a single MultiCharts study.

Keep Your Charts Organized

Signal visibility, divergence lines, colors, line styles, and recent-signal management can all be customized so traders can create a chart presentation that fits their workflow.

Built for MultiCharts Traders

Stochastics Double Divergence Pro is designed specifically as a MultiCharts technical-analysis study, making it suitable for traders who use MultiCharts as part of their charting and market-analysis workflow.

The indicator is intended as an analytical tool rather than an autonomous trading system. Divergence signals should be evaluated alongside price action, market structure, timeframe, volatility, and the trader's own risk-management rules.

Flexible Settings

The indicator provides a broad collection of user-configurable settings, including:

These settings provide substantial control over the indicator's visual presentation and analysis parameters while keeping the proprietary signal-generation methodology encapsulated within the product.

What Makes Double Divergence Different?

Traditional divergence analysis often focuses on comparing one price movement with one oscillator movement.

Stochastics Double Divergence Pro is designed to present a double-reference divergence visualization, drawing relationships from two relevant swing points to the current signal area. This creates a more comprehensive visual representation of the divergence structure while avoiding the need for traders to manually construct multiple comparison lines.

The result is a charting experience centered around:

Price Structure + Stochastics + Divergence + Multi-Range Analysis

Ideal for Technical Traders Who Analyze

• Stochastics divergence

• Bullish and bearish divergence

• Regular divergence

• Hidden divergence

• Swing highs and swing lows

• Momentum-based technical analysis

• Short-, medium-, and longer-range market structures

• MultiCharts chart setups

• Visual divergence confirmation

• Alert-based market monitoring

Take Your Divergence Analysis Further

Stochastics Double Divergence Pro for MultiCharts brings automated divergence visualization, multi-range analysis, configurable Stochastics parameters, optional enhanced filtering, chart annotations, and alerts together in one specialized technical-analysis indicator.

Rather than replacing your trading methodology, it is designed to provide additional market information that can be incorporated into your existing analysis and decision-making process.

Stochastics Double Divergence Pro for MultiCharts

Analyze. Visualize. Confirm.

Make Stochastics divergence easier to monitor directly on your MultiCharts charts.

Key Benefits at a Glance:

✓ Regular & Hidden Bullish Divergence
✓ Regular & Hidden Bearish Divergence
✓ Double-Line Divergence Visualization
✓ Short, Mid & Long Range Analysis
✓ Configurable Stochastics Parameters
✓ K or D Divergence Analysis
✓ Optional Enhanced Mode
✓ Optional Signal Confirmation
✓ Custom Chart Markers & Lines
✓ Configurable Alerts
✓ Recent Signal Management
✓ Designed for MultiCharts

Important Risk Disclosure

Stochastics Double Divergence Pro is a technical-analysis and charting tool. Its signals are not guarantees of future market movements and should not be interpreted as financial advice or as a recommendation to buy or sell any financial instrument.

Trading and investing involve substantial risk. Always conduct your own analysis and use appropriate risk-management practices.

Looking for the complete mathematical breakdown, step-by-step optimization guides, and advanced trading strategies? Explore our comprehensive documentation:

Visit the Technical Inputs Manual: Double Divergence Pro for full parameter tuning.

Read the master guide on the Double Divergence Indicator Series.