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FX5 MACD Divergence V1.1

Published: 12.02.2014
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FX5 MACD Divergence Indicator finds differences in the chart readings of the MACD indicator and the price chart (divergence). FX5 MACD Divergence V1.1 graphically shows the divergence on the chart and the arrows indicate the expected price movement.

We have already dismantled a similar indicator called MACD Divergence Indicator. In fact FX5 MACD Divergence Indicator can be used to find the divergence on any currency pair and any time frame. But usually on the higher time frames (H1 and higher) the signal quality is better.

Characteristics of the FX5 MACD Divergence Indicator

FX5 MACD Divergence V1.1 no repaint. But it shows divergence on the chart with a delay of one candle. But that's OK, because even in this case, many of its signals are accurate:

fx5-macd-divergence-indicator

In the archives FX5_MACD_Divergence_V1.1.rar:

  • FX5 MACD_Divergence V1.1.ex4
  • FX5 MACD_Divergence V1.1.mq4
  • FX5 MACD Divergence.tpl

Free Download FX5 MACD Divergence Indicator

Author:
Daniel
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Comments:
  • Yosh
    Published: 24.11.2017 Reply to the message

    The 1 candle delay, is that something that can be adjusted in the settings to be right on the candle? If this is possible this will be the #1 indicator for predicting the next candle direction. Looking forward to your replies.

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