If the blue bar is directed upwards, the price will also go up. Downwards - likewise.
Dots indicate the identified peaks (fractals) of the specified indicator.
Red bars are the maximum peaks (weak signal that the price will "roll back" and slightly move against the trend)
i-Divergency.mq4 - divergence based on stochastic
i-DivMACD.mq4 - divergence based on MACD
If you want to analyze any other indicators - replace the line
with the required one
There can also be false signals. Can't do without them.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8705
It responds to market faster than the MA (moving average)ZeroLag MACD Colored
The ZeroLag MACD Colored indicator is a modification of the ZeroLag MACD. Added coloring of the histogram bars relative to the previous bar, if the previous bar is below/above the current.