This indicator displays arrows on the price chart and on the stochastic indicator when a divergence occurs between the stochastic indicator and price. These divergence signals are real-time and do not repaint. It will also give you audio alerts when divergences occur.
A bearish divergence occurs when price is increasing while the stochastic indicator is decreasing. A bullish divergence is when price is decreasing while the stochastic indicator is increasing. You can choose whether divergences are based on the stochastic K or the stochastic D plot.
This indicator can be used with stocks, futures, and forex on any time frame.