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MACD Divergence Indicator MT4

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Published: 3 April 2022

Current version: 2.7

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MACD Divergence Indicator MT4

3

Indicators
Amir Atif
Version: 2.7
Updated: 28 February 2023

MACD divergence indicator finds divergences between price chart and MACD indicator and informs you with alerts (popup, mobile notification or email). Its main use is to find trend reversals in the chart.

Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals.

Three confirmation type for MACD divergences:

MACD line cross zero level
Price returns to previous H/L
Creating a new ZigZag leg in price chart

When divergence is confirmed, the indicator draws an arrow on the chart (not for the new ZigZag leg confirmation type).

This indicator uses ZigZag indicator to determine trend direction and HH/LL of the price, you can change the ZigZag parameters in the indicator's input window. You can add the ZigZag Indicator to your chart template to have a better look of painted divergences.

You can use indicator's divergence type buffer in your expert advisors.

You can check out the multi-timeframe/multi-symbol version of this indicator from this link.

more...

19

Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

1736

faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

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RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find regular and hidden divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Full description of scanner parameters -> cli

RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters -> click here . How to get

MACD Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find regular and hidden divergences between price chart and MACD indicator. This divergence scanner is integrated with support and resistance zones so you can check the MACD divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Full description of scanner parameters

RSI divergence indicator finds divergences between price chart and RSI indicator and informs you with alerts (popup, mobile notification or email). Its main use is to find trend reversals in the chart. Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals. Three confirmation type for RSI divergences: RSI line cross 50 level Price returns to previous H/L C

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MACD divergence indicator finds divergences between price chart and MACD indicator and informs you with alerts (popup, mobile notification or email) . Its main use is to find trend reversals in the chart. Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals. Three confirmation type for MACD divergences: MACD line cross zero level Price returns to previous H/L Crea

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50% off. Original price: $60 Support and Resistance zones indicator for MT4 is a multi-timeframe panel and alert that finds support and resistance zones and pivot points for all timeframes of MetaTrader 4 and gives alert when price has interaction with them. Download demo version (works on GBPUSD, EURJPY and NZDUSD symbols) Read the full description of scanner parameters in the blog page . Many unique features in one indicator: Integrating support and resistance zones and pivot points in one

RSI divergence indicator finds divergences between price chart and RSI indicator and informs you with alerts (popup, mobile notification or email). Its main use is to find trend reversals in the chart. Always use the divergence indicators with other technical assets like support resistance zones, candlestick patterns and price action to have a higher possibility to find trend reversals. Three confirmation type for RSI divergences: RSI line cross 50 level (doesn't repaint) Price returns to

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Advanced Indicator Scanner is a multi-symbol multi-timeframe scanner that works with hundreds of custom indicators available across the web including mql5 website market and codebase indicators. Advanced Indicator Scanner features: Scans your indicator in 28 customizable instruments and 9 timeframes. Monitors up to 2 lines(buffers) of an indicator. Showing of indicator value on buttons. You can choose between 3 alert modes: Single symbol and timeframe Multiple timeframes of a symbol Multipl

Ichimoku Trend Alert is the Ichimoku Kinko Hyo indicator with Alerts and signal filters. Ichimoku Trend Alert features: Optional check of Ichimoku cloud, Tenkan sen(Conversion Line), Kijun sen(Base Line), Senkou span A, Senkou span B, and Chikou span relative to price, and more. Popup, email, and phone notification alerts for selected symbols and timeframes. There are 9 classic Ichimoku trend filters you can enable/disable in settings: Price/Cloud Order: Checks the price position relative

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Moving Average Trend Alert is a triple MA indicator that helps traders to identify potential market trends based on 3 MAs alignment and crossover. Moving Average Trend Alert features: Customizable short-term, medium-term, and long-term MAs. Option to filter signals based on a minimum distance between moving averages to avoid premature MAs alignment. Optional Filter of signals with RSI indicator overbought/oversold levels. Optional Filter of signals with ADX indicator. Popup, email, and phone n

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50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that monitors and finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1 and M5) Settings description here MT5 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market w

25% off. Original price: $40 RSI Scanner is a multi symbol multi timeframe RSI dashboard that monitors Relative Strength Index indicator for price entering and exiting overbought and oversold in up to 28 symbols and 9 timeframes. Download Demo here (Scans only M1 and M5) Settings description here MT5 version here RSI Scanner features: Signals RSI entering and exiting the overbought and oversold zones. Monitors 28 customizable instruments and 9 timeframes at the same time. You can choos

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40% off. Original price: $50 Moving Average Trend Scanner is a multi symbol multi timeframe triple MA crossover dashboard that helps traders to monitor, and identify potential market trends from one chart. This panel scans 3 moving averages in up to 28 configurable instruments and 9 timeframes for triple moving average alignment and moving average crossover with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1 and M6) Sett

50% off. Original price: $60 Order Manager is a trade assistant and trade copier with a money manager that helps traders open, modify and close manual trades and also copy their trades between multiple accounts in the most simple way to help them focus more on their market analysis and open orders with just a few clicks. Download Demo here (It only works on demo accounts) Full guide here MT5 version here Order Manager features: Works on all instruments such as currency pairs, indexes, CF

Ichimoku Trend Alert is the Ichimoku Kinko Hyo indicator with Alerts and signal filters. Ichimoku Trend Alert features: Optional check of Ichimoku cloud, Tenkan sen(Conversion Line), Kijun sen(Base Line), Senkou span A, Senkou span B, and Chikou span relative to price, and more. Popup, email, and phone notification alerts for selected symbols and timeframes. There are 9 classic Ichimoku trend filters you can enable/disable in settings: Price/Cloud Order: Checks the price position relative to

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50% off. Original price: $60 Candlestick Pattern Scanner is a multi-timeframe and multi-symbol dashboard and alert system that checks all timeframes and currency pairs for different candlestick patterns that are formed in them. Scanner is integrated with support and resistance zones so you can check the candlestick patterns in most important areas of the chart to find breakout and reversal patterns in the price chart. Download demo version (works on M4,M5,M6,M12,H3,H8 timeframes) Read the f

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk.Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT4 version here You only open the

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Moving Average Trend Alert is a triple MA indicator that helps traders to identify potential market trends based on 3 MAs alignment and crossover. Moving Average Trend Alert features: Customizable short-term, medium-term, and long-term MAs. Option to filter signals based on a minimum distance between moving averages to avoid premature MAs alignment. Optional Filter of signals with RSI indicator overbought/oversold levels. Optional Filter of signals with ADX indicator. Popup, email, and phone n

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40% off. Original price: $50 Support and Resistance Dashboard for MT4 is a multi-timeframe and multi-symbol scanner and alert system that finds S/R zones and pivot points for all timeframes and symbols and alerts when price has interaction with them. If you are using support and resistance (or supply and demand) zones in your trading strategy, this dashboard and its alert and filtering system is a big time saver for you. Download demo version (works on M 1,M5,M30,W1 timeframes) Full descrip

40% off. Original price: $50 ATR Scanner Pro is a multi symbol multi timeframe volatility scanner that monitors and analyzes Average True Range indicator value in up to 28 symbols and 9 timeframes in 3 modes : ATR value: As a volatility dashboard it shows the ATR indicator value in all pairs and timeframes and signals when the ATR value reaches a maximum or minimum in a given duration. Short term ATR/Long term ATR ratio: It shows ratio of 2 ATRs with different periods. It's useful in detec

Reward Multiplier is a semi-automatic trade manager based on pyramid trading that opens additional orders with the running profit of your trades to maximize return exponentially without increasing the risk. Unlike other similar EAs, this tool shows potential profit/loss and reward to risk ratio before even entering the first trade! Download full version here ( In the mini version. Starting lot is fixed at 0.01 (or minimum allowed lot size ) Guide + tips here MT5 version here You only open the

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50% off. Original price: $60 Order Manager is a trade assistant and trade copier with a money manager that helps traders open, modify and close manual trades and also copy their trades between multiple accounts in the most simple way to help them focus more on their market analysis and open orders with just a few clicks. Download Demo here (It only works on demo accounts for 14 days) Full guide here MT4 version here Order Manager features: Works on all instruments such as currency pairs,

25% off. Original price: $40 Stochastic Scanner is a multi symbol multi timeframe Stochastic dashboard that monitors the indicator for price entering and exiting overbought and oversold in up to 28 symbols and 9 timeframes. Download Demo here (Scans only M1, M5 and M10) Settings description here MT4 version here Stochastic Scanner features: Signals price entering and exiting the overbought and oversold zones. Monitors up to 28 customizable instruments and 9 timeframes at the same time.

50% off. Original price: $60 Triangle Finder is a multi symbol multi timeframe dashboard that finds symmetrical triangle pattern in 28 symbols and 9 timeframes with a deep scan feature to scan all market watch symbols (up to 1000 instruments!). Download Demo here (Scans only M1, M5 and M10) Settings description here MT4 version here Triangle Finder features: Realtime monitoring of 28 customizable instruments and 9 timeframes at the same time. Deep scan mode to scan all market watch sym

25% off. Original price: $40 Stochastic Scanner is a multi symbol multi timeframe Stochastic dashboard that monitors the indicator for price entering and exiting overbought and oversold in up to 28 symbols and 9 timeframes. Download Demo here (Scans only M1 and M5) Settings description here MT5 version here Stochastic Scanner features: Signals price entering and exiting the overbought and oversold zones. Monitors up to 28 customizable instruments and 9 timeframes at the same time. You

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Hossein A. 2023.10.28 10:02 #

Hi, Thanks for publishing this indicator for free. Hope to see more from you.

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faithdefender 2023.04.26 15:46 #

I like it. Sometimes the simple things in life are free. It works fine on my platform, so I must have the update? Thank you

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nswyin27 2022.11.12 02:23 #

I downloaded it but it can't display on the chart...

--- now it works! Thanks Amir.

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Reply from developer Amir Atif 2022.11.12 05:34 #

Hi, please check out that if indicator is added to the market folder in navigator window.

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ajcarswell 2022.09.13 15:46 #

I had to take it off since it hung my desktop system.

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Reply from developer Amir Atif 2022.09.21 10:00 #

Hi
I updated the indicator and the speed and performance issues were solved in the new version. Please download the new version and let me know if there are any problems. Regards

Version 2.7 2023.02.28

+ "No Confirmation (Immediate Alerts)" option added to the indicator, now you can receive alerts for divergences immediately after divergence formation (this option can create repetitive alerts).
+ A parameter added for hiding the divergence arrow.
- Fixed a bug that sometimes creates multiple alerts for a divergence.

Version 2.6 2022.10.31

Fixed a bug in drawing divergence lines and sending alerts for new divergences.

Version 2.5 2022.09.20

+ Significant improvement in the indicator performance and speed.

Version 2.4 2022.09.04

+ A new confirmation type added to the indicator: MACD Cross Signal Line.
+ Indicator performance improved.

Version 2.0 2022.05.21

+ Two confirmation type added to indicator (MACD cross zero level, Price Returns to Previous H/L).
+ For new confirmation types, when divergence confirms, the indicator shows an arrow on the chart.
+ For reducing the indicator's resource usage, now you can set to apply the indicator on how many number of candles.