Divergence is a very popular concept among technical traders if you spot a good setup by using divergence you will be able to catch the whole next upcoming trend so it shows early signs of a reversal.
Traders use different indicators for divergence but MACD is one the most used ones, our MACD divergence indicator recognizes the divergence setups and shows it on your chart and MACD indicator so it saves your time and allows you to trade the best setups.
Reversal trading is very tricky as the win rate it very low, so use divergence as an early reversal signal, not as an entry signal.
- Two different versions to show divergence on the chart and on MACD indicator
- Sound, popup and email alert
- No repaint after divergence appeared and bar closed
- Fully customizable MACD indicator
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Release Date: March 27, 2018
Added: Buy / Sell signals
Changed: The recognition algorithm
Changed: Alert library updated
Changed: Buy and sell histogram separated
Fixed: Repaint issue