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MACD Divergence Indicator MT4

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Published: 3 April 2022

Current version: 2.7

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MACD Divergence Indicator MT4

3

Indicators
Amir Atif
Version: 2.7
Updated: 28 February 2023

MACD divergence indicator finds divergences between price chart and MACD indicator and informs you with alerts (popup, mobile notification or email). Its main use is to find trend reversals in the chart.

Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals.

Three confirmation type for MACD divergences:

MACD line cross zero level
Price returns to previous H/L
Creating a new ZigZag leg in price chart

When divergence is confirmed, the indicator draws an arrow on the chart (not for the new ZigZag leg confirmation type).

This indicator uses ZigZag indicator to determine trend direction and HH/LL of the price, you can change the ZigZag parameters in the indicator's input window. You can add the ZigZag Indicator to your chart template to have a better look of painted divergences.

You can use indicator's divergence type buffer in your expert advisors.

You can check out the multi-timeframe/multi-symbol version of this indicator from this link.

more...

19

Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

1726

faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

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Ichimoku Trend Alert is the Ichimoku Kinko Hyo indicator with Alerts and signal filters. Ichimoku Trend Alert features: Optional check of Ichimoku cloud, Tenkan sen(Conversion Line), Kijun sen(Base Line), Senkou span A, Senkou span B, and Chikou span relative to price, and more. Popup, email, and phone notification alerts for selected symbols and timeframes. There are 9 classic Ichimoku trend filters you can enable/disable in settings: Price/Cloud Order: Checks the price position relative

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Moving Average Trend Alert is a triple MA indicator that helps traders to identify potential market trends based on 3 MAs alignment and crossover. Moving Average Trend Alert features: Customizable short-term, medium-term, and long-term MAs. Option to filter signals based on a minimum distance between moving averages to avoid premature MAs alignment. Optional Filter of signals with RSI indicator overbought/oversold levels. Optional Filter of signals with ADX indicator. Popup, email, and phone n

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40% off. Original price: $50 Support and Resistance Dashboard for MT4 is a multi-timeframe and multi-symbol scanner and alert system that finds S/R zones and pivot points for all timeframes and symbols and alerts when price has interaction with them. If you are using support and resistance (or supply and demand) zones in your trading strategy, this dashboard and its alert and filtering system is a big time saver for you. Download demo version (works on M 1,M5,M30,W1 timeframes) Full descrip

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Ichimoku Trend Alert is the Ichimoku Kinko Hyo indicator with Alerts and signal filters. Ichimoku Trend Alert features: Optional check of Ichimoku cloud, Tenkan sen(Conversion Line), Kijun sen(Base Line), Senkou span A, Senkou span B, and Chikou span relative to price, and more. Popup, email, and phone notification alerts for selected symbols and timeframes. There are 9 classic Ichimoku trend filters you can enable/disable in settings: Price/Cloud Order: Checks the price position relative to

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50% off. Original price: $60 Order Manager is a trade assistant and trade copier with a money manager that helps traders open, modify and close manual trades and also copy their trades between multiple accounts in the most simple way to help them focus more on their market analysis and open orders with just a few clicks. Download Demo here (It only works on demo accounts for 14 days) Full guide here MT4 version here Order Manager features: Works on all instruments such as currency pairs,

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50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1, M5 and M10) Settings description here MT4 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market watch sym

50% off. Original price: $60 Ichimoku Assistant is a multi-timeframe panel and alert system that scans all timeframes for multiple rules related to different ichimoku strategies. The Ichimoku indicator has 5 different lines, including Tenkan-sen, Kijun-sen, Senku Span A, Senku Span B and Chikou Span. This scanner checks the status of these lines compared to each other and gives alerts based on your selected rules. If you are using ichimoku kinko hyo in your trading strategy, this scanner and it

50% off. Original price: $60 Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Read the f

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Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

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faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

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nswyin27 2022.11.12 02:23 #

I downloaded it but it can't display on the chart...

--- now it works! Thanks Amir.

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Reply from developer Amir Atif 2022.11.12 05:34 #

Hi, please check out that if indicator is added to the market folder in navigator window.

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ajcarswell 2022.09.13 15:46 #

I had to take it off since it hung my desktop system.

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Reply from developer Amir Atif 2022.09.21 10:00 #

Hi
I updated the indicator and the speed and performance issues were solved in the new version. Please download the new version and let me know if there are any problems. Regards

Version 2.7 2023.02.28

+ "No Confirmation (Immediate Alerts)" option added to the indicator, now you can receive alerts for divergences immediately after divergence formation (this option can create repetitive alerts).
+ A parameter added for hiding the divergence arrow.
- Fixed a bug that sometimes creates multiple alerts for a divergence.

Version 2.6 2022.10.31

Fixed a bug in drawing divergence lines and sending alerts for new divergences.

Version 2.5 2022.09.20

+ Significant improvement in the indicator performance and speed.

Version 2.4 2022.09.04

+ A new confirmation type added to the indicator: MACD Cross Signal Line.
+ Indicator performance improved.

Version 2.0 2022.05.21

+ Two confirmation type added to indicator (MACD cross zero level, Price Returns to Previous H/L).
+ For new confirmation types, when divergence confirms, the indicator shows an arrow on the chart.
+ For reducing the indicator's resource usage, now you can set to apply the indicator on how many number of candles.