MACD Divergence MT5 Indicator

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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;

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MACD Divergence MT5 Indicator

 

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