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Indicators

MACD_Signal_Divergence - indicator for MetaTrader 5

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Views:
2389
Rating:
votes: 13
Published:
2018.03.01 11:58

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

Unlike the standard MACD, this indicator only draws a signal line.

The indicator has six configurable parameters:

  • Fast EMA - the fast EMA period;
  • Slow EMA - the slow EMA period;
  • MACD SMA - the signal line 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 Software Corp.
Original code: https://www.mql5.com/ru/code/19957

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The indicator searches for divergences and displays them on the chart of the custom MACD indicator.

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