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;
MT5 Indicators – Download Instructions
MACD Divergence MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
MACD Divergence MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install MACD Divergence MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download MACD Divergence MT5 Indicator.mq5
- Copy MACD Divergence MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on MACD Divergence MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator MACD Divergence MT5 Indicator.mq4 is available on your Chart
How to remove MACD Divergence MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MACD Divergence MT5 Indicator (Free Download)
Click here below to download: