What do you mean by MACD oscillator, if the MACD indicator itself is an oscillator
As I said, divergence is not an immedaite signal and we have to wait until we see
the begining of the price reversal.
I consulted with some traders before the releasing of this indicator, and they prefered
repainting than delaying the signal. After all this indicator is considered an
aiding tool not a stand alone system.
However, I will release a version which will dely the signal one candle, but will
not repaint. It is up to you to choose which version you like.
The indicator in you chart is the regular MACD, which is used in my indicator. The
diffirance is in shape only. My indicator plots MACD as a line instead of the histogram
in your chart.
If you are more comportable with the histogram, you can modify the code to change
how do you want MACD to appear.
Change the following code:
and you will have it done :-)
"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.
Is it not possible to have a version which has the best best of both worlds? I.e.
One that doesn't repaint, whilst not being delayed by a candle.
I prefer using it on higher timeframes. In my openion 4Hr is the best timeframe
for this indicator.
Regarding your second question, I heard that some traders trade only hidden divergens
so it reliable as the classical divergence.