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Divergence And Convergence MACD

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Published: 24 February 2017

Current version: 1.2

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Comments (20)
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Divergence And Convergence MACD

Name: Divergence And Convergence MACD
Rating: 3 (4 reviews)
Author: Stephen Reynolds

Indicators
Stephen Reynolds
Version: 1.2
Updated: 21 July 2017

Divergence Convergence MACD is based on the classical divergence and convergence methods of charting.

Divergence is when we get higher highs and lower lows on our uptrend but which are not supported by our indicator which makes lower highs and therefore signals the underlying momentum is failing and so a reversal might occur. Vice versa for downtrend.

I have also added a colored histogram to help tell the trader when the market is bullish or bearish and therefore when to enter on a particular signal.

Features :

Divergence and Convergence signals.
Can change the color of the histogram, arrows and lines.
Has choices of which alarms we want to use.
Can be traded on any market and time frame.

Settings :

MACD Settings

FastMAPeriod - Sets the period of the fast moving average.
SlowMAPeriod - Sets the period of the slow moving average.
SignalMAPeriod - Sets the period of the signal line moving average.

Indicator Settings

DrawIndicatorTrendLines - True we draw trendlines on the indicator window, false we do not draw trend lines on indicator window.
DrawPriceTrendLines - True we draw price trendlines on the main chart window, false we do not draw trend lines on main chart window.
Arrow Distance - Input the distance we want arrow from MACD Histogram.

Alert Settings

Soundfile - which wave file sound we use for our PC alarm.
PlaySound - true means we here our PC alarm, false means we do not hear our PC alarm.
MessageBox - true means we see a message box, false means we do not see a message box
SendeMail - true means we get an alert sent to our email, false means we do not get an alert sent to our email.
SendMobile - true means we get an alert sent to our mobile device, false means we do not get an alarm sent to out mobile device.

Graphical Object Settings

Bull Signal Color - sets the color of our bull arrow.
Bear Signal Color - sets the color of our bear arrow.

more...

205

Pit L. 2019.07.13 11:31 #

Guter und Profitabler Convergence Divergence Indikator. Nichts besonderes aber eine bekannte und Profitable Strategie.

Stephen Reynolds hört den Leuten zu die seine Indikatoren benutzen. Er setzt die Wünsche der Benutzer um.

Das machen leider nicht alle Indikatoren Entwickler auf der MQL Plattform.

Vielen Dank Stephen für diesen kostenlosen Indikator und weiter so!

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Zig Zag 123 tells us when a reversal or continuation is more likely by looking at the shift in supply and demand. When this happens a signature pattern appears known as 123 (also known ABC) will often break out in direction of higher low or lower high. Stop loss and take profit levels have been added. There is a panel that shows the overall performance of your trades for if you was to use these stop loss and take profit levels. We get alerted if a pattern 123 appears and also if the price re

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This trading method is inspired by Linda Bradford Raschkes 3 Little Indians pattern. Put simply we anticipate price will approach a projected line that is based upon 2 previous fractals. If 2 previous upper fractals occur we draw an upper line projected forward. If current price approaches this line we anticipate price will keep moving towards the line and breakthrough so we buy. If 2 previous lower fractals occur we draw a lower line projected forward. If current price approaches this

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The Triangular Breakout looks for when there is a volume spike followed by a 3 bar break. It then draws arrow when price breaks out of the recent high or low of the 3 bar pattern. We also look for triangles that form when price fractals converge. It also will draw arrows when price breaks out of the recent high or low of this triangle pattern. There are alerts set for when either we get a 3 bar break or triangle or when we get an arrow. According to DOW theory triangles are really moments

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Bollinger Breakout Trader tells the trader when the market is about to breakout from a non-volatile period. Non volatility usually means its building up steam for more good moves in future. A signal is formed when this switch from non-volatile to volatile occurs. These periods are measured by both Bollinger Bands and Keltner Channels. Bollinger Bands measure the standard deviation of price from the Moving Average which results in an expanding and contracting channel. Keltner Channels are based

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Bouncing Bollinger tells the trader when the market is about to reverse using 3 candlestick formations as well as the Directional Movement Index Indicator. When the previous candle has dipped into the upper or lower Bollinger Band and a candle signal appears along with DMI showing un-volatile a signal occurs showing possible reversal ahead. Features : A practical way of recognising when a new reversal is about to occur. Choose your favourite signal color. Send alerts to either your PC, eM

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With Break Even Trader placed onto your chart, it will automatically place the stop loss and take profit levels when you open a buy or sell order. And when you are in profit by the amount defined in user settings, it will automatically move your stop loss to that break even level, thereby protecting your trade from a loss. Features : Simple to trade with you just enter your trade it will place the stop loss and take profit as input in user inputs. Sends you an alert when your trade is in profit

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Break It Down is based on the Directional Movement Index and tells the trader when a market trend probably maxed out and ready to fall back. This pattern is more predictable when we apply this system only when the market is rallying but within a trading range. Because traders Sell off in fear the market often moves faster when declining! When this happens, good moves can occur. As traders are no longer interested in the trend, the volume will decline and the price will usually fall back on itsel

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Triple X Scalper is based on 3 types of triangular price patterns along with some volume analysis. It also must be traded at the times in day when the market is most active. The method is inspired by some of Linda Bradford Raschke's trading techniques. The 3 price patterns are as follows : System 1 Inside Bar = Looks for a volume spike followed by the inside bar formation. Also known as my indicator 3 Bar Break. System 2 Triangle by Fractal = Looks for when the 2 previous highest and lowes

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This EA is based on the Indice gaps between todays open price and yesturdays closing price. On Metatrader these are not shown as we only see a 24hr chart. If we want to know the gap between the open at 16:30 and yesturdays close at 23:30 on the SP500 this EA will reveal the gap. On Indices these types of Gap close approximately 60% of the time within the same day and is demonstrated on the panel which records previous gap closures and provides to the user a statistical proof of gaps closing for

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In the trading world a golden rule that stuck with me is "hold on to your winners and cut your losers short". This golden rule is how this EA gains a positive advantage. The EA is based on the indicator Trendy Trader. As stated unlike a standard moving average this unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow. Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a b

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Midnight Scalper is based on a sound trading principle. It is made to trade during times when the market is at low volatility. From 23:00 to 00:00 is best. It uses multiple indicators for precise entry and exits with a basic fixed stop loss and take profit as part of its money management strategy.It does not put your funds at high risk with such methods as martingale, grid, averaging positions or no stop loss trading. ECN broker is required with a tight spread and low commission. NOTE : After a

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Double Smoothed Stochastic is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing. This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic. Double Smoothed Stochastic Calculation is : DSS = EMA(r) (X - Lxn / Hxn - Lxn) x 100 MIT = EMA(r) (close - Ln / Hn - Ln) x 100 Ln = lowest low of n periods Hn = highest high of n periodsLxn = lowest low of the price serie

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This Indicator is based on the Indice gaps between todays open price and yesturdays closing price. On Metatrader these are not shown as we only see a 24hr chart. If we want to know the gap between the open at 16:30 and yesturdays close at 23:30 on the SP500 this EA will reveal the gap. On Indices these types of Gap close approximately 60% of the time within the same day and is demonstrated on the panel which records previous gap closures and provides to the user a statistical proof of gaps clos

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Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low. This then predicts the market might breakout to new levels within 2-3 of the next coming bars. It should be used mainly on the daily chart to help spot potential moves in the coming days. Features : A simple meth

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A system with steady ROI > 10% a month like clockwork! Hi Lo Breakout strategy opens and closes trades based on the time of day in relation to the highs and lows of both yesturday and today. It will then trade out these prices using the trade management settings within user inputs. For best results see .set file at comment no2 . Features : A purely mechanical system. Simply set and leave. No martingale or grid. Risks are small per trade. An optional automatic lot adjustment feature t

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DSS is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing. This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic. Because its always best to know what the larger timeframes are doing. I have adopted the tactic of overlaying the larger chart of DSS over the smaller chart to gauge whats going on overall and to pint point best entry or exit points. I have left it adj

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