Using divergences is very common in trading strategies.
But finding opportunities for trading with the eyes is very difficult and sometimes we lose those opportunities.
The indicator finds all the regular and hidden divergences. (RD & HD)
It uses an advanced method to specify divergence.
This indicator is very functional and can greatly improve the outcome of your trading.
This is a multi-time-frame indicator(Under M15 is not recommended).
You can change colors as you like.
Indicator detects price pivots and checks the corresponding value of pivots on MACD(12,26,9) indicator.
When a divergence is detected(price movement and oscillator in the opposite direction), it is plotted bylines in the chart and oscillator.
- MACD Settings:
- Fast EMA
- Slow EMA
- MACD SMA
- Apply to
- Show Signal Line
- Divergence Settings:
- Bullish Divergence Color
- Bearish Divergence Color
- Thickness Of Divergence Lines
- Style Of Divergence Lines
- Alert (You can enable or disable Alert)
- Divergences Filter (You can choose to show regular or hidden divergences or both)
- Sending Push Notifications(the user can choose to send push notifications or not)
How to test the MACD Divergences indicator?
If you want to test the indicator, download the demo version, that is free and fully functional for EURAUD.
The detection algorithm is optimized.
The user can send the custom text in the notification.
Add some options to control alert and push notification.
The capability of Push Notifications enhanced.
False signals filtering added.
User can filter divergent types (show regular divergence or hidden, or both).