The M.O.D.E stands for “Multiple Oscillator Divergence Exit“. It is an indicator which signals a divergence between the price, and multiple oscillators.
It is initially an exit indicator because it signals the weakening of a trend, but it could be used as an entry signal if used analytically
- Check many divergences at once
- Non repainting
- Sends Alerts and Push Notifications
You could load the M.O.D.E onto a single chart, and be able to see the divergences happening on multiple oscillators.
It replaces you having to load all these oscillators on a signle chart.
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when there’s a new signal on the chart on which the indicator is loaded.PushNotifications: true/false. If set to true you will receive Push Notifications on your phone when there’s a new signal on the chart on which the indicator is loaded.