MACD Divergence - MetaTrader 5 Script - MQL5 #1806 - MT4/MT5 Resources
This indicator will draw a divergence line on the MACD indicator and give buy and sell signals by displaying green and red arrows.
It also has a built-in alarm feature. As a raw indicator, bullish divergences are plotted with green lines, while bearish divergences are plotted with red lines. If the divergence is typical, the line will be solid, if the type is reversed, the line will be dashed.
Divergence indicator based on MACD, which is a conversion of the mql4 indicator https://www.mql5.com/en/code/7116 . This is a complete rewrite of the original indicator to improve performance and correct a small bug. And it's more fun than simply converting it.
Attachment download
📎 macd_divergence.mq5 (13.51 KB)
Source: MQL5 #1806
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