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Published:

2018.03.01 11:58

MACD_Divergence.mq5 (28.18 KB) view

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The custom MACD_Divergence indicator draws the MACD indicator line in a separate window and displays found divergences in the indicator window and on the price chart.

Unlike the standard MACD, the indicator draws a simple line instead of the MACD histogram.

The indicator has five input parameters:

Fast EMA - the fast EMA period;
Slow EMA - the slow EMA period;
Applied price - the calculation price;
Bullish color - the color of bullish signal arrows and lines;
Bearish color - the color of bearish signal arrows and lines;

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/19955

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MACD_Divergence - indicator for MetaTrader 5