The custom MACD_Divergence indicator draws the MACD indicator line in a separate window and displays found divergences in the indicator window and on the price chart.
Unlike the standard MACD, the indicator draws a simple line instead of the MACD histogram.
The indicator has five input parameters:
- Fast EMA – the fast EMA period;
- Slow EMA – the slow EMA period;
- Applied price – the calculation price;
- Bullish color – the color of bullish signal arrows and lines;
- Bearish color – the color of bearish signal arrows and lines;
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 50% Cash Rebates for all Trades!
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐
(Free MT5 Indicators Download)
Enter Your Email Address below, download link will be sent to you.