MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal

Source code library - Expert Advisors, Indicators and Scripts

Become a Signal Provider Right Now
To post a new code, please log in or register

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2007.06.14 09:29
FX5_MACD_Divergence

FX5_MACD_Divergence - indicator for MetaTrader 4

| English Spanish Portuguese

Views:
67138
Rating:
votes: 9


After the success of the original indicator, I decided to write more indicators for detecting divergence between price and other indicator.



This indicator will plot divergence lines on the MACD indicator and will give buy and sell signal by displaying green and red arrows. It also has a built-in alert function. As the original indicator, bullish divergence is plotted in green lines while bearish divergence is plotted in red. If the divergence is classic the line will be solid and if the type is reversed the line will be interrupted.



I hope you gets the most benedfit from this indicator.

Changes to verion 1.1:

- This version is directed to traders who do not want repainted singals. The signals are not repainted buy they are delayed one candle.