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 EMAÂ – the fast EMA period;
- Slow EMAÂ – 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;
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