- MetaTrader4 indicators
- MACD Divergence Indicator
- Age 3+
-
level: intermidiate
- English
Author's Instructions
The Automatic MACD Divergence indicator is an essential technical analysis tool and one of the most critical signals for identifying trend reversals or continuations in MetaTrader4 indicator. It automatically detects positive divergences at lows and negative divergences at highs.
A negative divergence occurs when the price makeshigher highs, but the MACD indicator creates lower highs. Conversely, a positive divergence occurs when the price makes lower lows, but the MACD indicator creates higher lows.
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Author's Instructions
The Automatic MACD Divergence indicator is an essential technical analysis tool and one of the most critical signals for identifying trend reversals or continuations in MetaTrader4 indicator. It automatically detects positive divergences at lows and negative divergences at highs.
A negative divergence occurs when the price makeshigher highs, but the MACD indicator creates lower highs. Conversely, a positive divergence occurs when the price makes lower lows, but the MACD indicator creates higher lows.