MACD Divergence Indicator MT4

The Moving Average Convergence Divergence (MACD) Divergence Indicator is an innovative tool designed for traders. It spots divergences between the price chart and the MACD indicator, offering alerts via pop-up, mobile notification, or email. This indicator is primarily used to identify trend reversals in the chart.

Working with Divergence Indicators

Traders are advised to pair the divergence indicators with other technical assets for maximum efficiency. These may include support resistance zones, candlestick patterns, and price action. Combining these tools increases the likelihood of accurately pinpointing trend reversals.

MACD Divergence Confirmation Types

The MACD Divergence Indicator offers three types of confirmations for MACD divergences. These include the MACD line crossing the zero level, price returning to the previous High/Low, and the creation of a new ZigZag leg in the price chart. Once a divergence is confirmed, the indicator draws an arrow on the chart. However, this does not apply to the newly formed ZigZag leg confirmation type.

Utilizing the ZigZag Indicator

The MACD Divergence Indicator uses the ZigZag Indicator to establish trend direction and the Highs/Lows of the price. Users have the flexibility to modify the ZigZag parameters in the indicator’s input window for a customized experience. Adding the ZigZag Indicator to the chart template offers a comprehensive view of painted divergences.

Indicator’s Divergence Type Buffer

For traders who utilize expert advisors in their trading strategies, the indicator’s divergence type buffer can be a useful feature. This functionality aids in the integration of the indicator into automated trading systems, further enhancing the versatility of the MACD Divergence Indicator.

FAQ

Can the MACD Divergence Indicator be used for multiple timeframes or symbols?

Yes, there are versions of the MACD Divergence Indicator available that can be used for multiple timeframes or symbols.

Where can I find independent testing of this product?

Independent testing of the MACD Divergence Indicator can be found on the forexroboteasy.com website. Users also have the option to subscribe to updates on the results of testing this product.

Can I share my experience using this product?

Absolutely. Users are encouraged to share their experiences using the MACD Divergence Indicator. This helps to build a community of traders and enhances collective learning.

This article serves as an independent product review and does not endorse any specific product. It aims to equip traders with information to aid their trading strategies and decisions.