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MACD Divergence Indicator MT4

FREE

Published: 3 April 2022

Current version: 2.7

MACD Divergence Indicator MT4

Name: MACD Divergence Indicator MT4
Rating: 3 (3 reviews)
Author: Amir Atif

Indicators
Amir Atif
Version: 2.7
Updated: 28 February 2023

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...

Hossein A. 2023.10.28 10:02 #

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

1726

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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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

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.

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.