First of all, in my opinion divergence is a highly subjective term. What a man can spot with no problem, a computer can not (since computer is not able to generalize) Our eye is able to see divergence even on a first glance when there is no way how the troughs can be matched normally with computer (first of all there is a matter of choosing what is forming the divergence, ... )
Second, the nature of divergence is to lag, so it is a lagging thing. Maybe that is why they look so good when drawn on chart : they can not be spotted at run-time but only after the fact
what if there is divergency, I hope you can give a mark in zig zag.......
I'm, wondering is it possible regarding the Zigzag of macd utilizes KAMA (kauffman) or other adaptive moving averages? Seems to me the regular MA's on low settings are highly sensitive giving wavy patterns on the MACD which leads to alot of invalid signals. Turning the settings higher on the other hand leads to lag. Kauffman seems to be optimal on MACD, may filter the trend and likewise gives a clearer onset of convergence and divergence. this is just a thought
VR figura indicator
How can to use ??? TKS !
Tampa any idea on how to use this
Here is a regular ZigZag in which price is replaced with macd values (it does what you ar looking for)
Is there a possibility to make this as histogram ...
MrTools Is there a possibility to convert this to a histogram
MrTools Is there a possibility to convert this to a histogram ...
Macerina, made the macd into histogram
ps) added a 2 color version
Just for information to those who downloaded already the histo version, in case your interested added a 2 color version just now.
Thank you Mr tools the indi looks a lot better now