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
- Platform: Metatrader4
- Currency pairs: Any pairs
- Trading Time: Around the clock
- Timeframe: Any
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_v1.1 .rar
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