The Moving Average Convergence Divergence (MACD) Divergence detection indicator is a powerful tool for Forex traders, featuring a specialized algorithm designed to identify both regular and hidden divergences. This tool is highly functional and can significantly improve trading outcomes when incorporated into trading strategies.
Key Features of MACD Divergence
This indicator employs an advanced method to specify divergence. It detects price pivots and compares them with the corresponding value of pivots on the MACD (12,26,9) indicator. When a divergence is detected โ characterized by the price movement and oscillator moving in opposite directions โ it is plotted by lines in the chart and oscillator.
Moreover, MACD Divergence is a multi-time-frame indicator, with recommendations against usage under M15. Users have the freedom to customize the colors based on their preferences.
MACD Divergence Settings
The MACD Divergence indicator comes with a range of adjustable settings. These include Fast EMA, Slow EMA, and MACD SMA under the MACD settings. The divergence settings allow traders to select the color for bullish and bearish divergences, adjust the thickness and style of divergence lines, and enable or disable alerts.
Moreover, the divergence filter lets you choose to display regular divergences, hidden divergences, or both. There is also an option to send push notifications, which can be toggled on or off based on user preference.
Testing the MACD Divergence Indicator
For those interested in testing the MACD Divergence indicator, a demo version is available for download. This version is free and fully functional for the EURAUD currency pair. Users can review the performance of the tool before deciding to implement it in their trading strategies.
Sharing Experiences and Learning from Others
After purchasing the MACD Divergence indicator, users are invited to join the โMACD Divergence Groupโ. This platform enables traders to share their experiences and learn from the experiences of others, thereby fostering a community of mutual learning and growth.
Additional Resources
Independent testing of the MACD Divergence indicator is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing the product, allowing them to stay informed about its performance and effectiveness.
FAQ
What is the MACD Divergence Indicator?
The MACD Divergence Indicator is a Forex trading tool that uses a special algorithm to detect regular and hidden divergences, which can be used to predict potential price movements.
How can I test the MACD Divergence Indicator?
A demo version of the MACD Divergence Indicator is available for download. This version is fully functional for the EURAUD currency pair.
Are there any resources available for further information on the MACD Divergence Indicator?
Yes, independent testing of this product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
Can I customize the MACD Divergence Indicator?
Yes, the MACD Divergence Indicator offers a range of customizable settings including colors, divergence lines, and alert notifications.
We invite readers who have used the MACD Divergence indicator to share their experiences and insights. This is an independent product review, and all views and opinions are welcomed to provide a comprehensive understanding of the productโs functionality and effectiveness.
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