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DLMACD

DLMACD - Divergence Local (Wave) MACD. The indicator displays divergences by changing the color of the MACD histogram. The indicator is easy to use and configure. It was created as an addition to the previously published DWMACD.

For the calculation, a signal line or the values ​​of the standard MACD histogram can be used. You can change the calculation using the UsedLine parameter. It is advisable to use a signal line for calculation if the histogram often changes directions and has small values, forming a kind of flat. To smooth the histogram values ​​set the signal line at UsedLine and a small period (2-5). As the period increases, the indicator lags behind the price (which applies to any indicator).

The indicator is calculated at the current price (close).

You can use your own moving average values ​​in the settings. It is possible to use 4 standard types of moving averages (SMA, EMA, LWMA, SMMA). The CONST type has also been introduced - this is a straight line (constant value) - it cannot be used in this indicator.

The local divergence displayed by this indicator reflects the price movement after the divergence. Significant local divergence occurs with simultaneous divergence on DWMACD. If DWMACD does not show divergence, then movement along local divergence may not last long, although it will be strong. In this case, the market becomes more volatile.

The divergence colors correspond to the intuitive: blue - looking for purchases, red - sales.

Note: the next divergence cancels the previous one!

Have a successful trading!

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Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind
FX Volume MT5
Daniel Stein
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Indicators
Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome insights into how institutional market participants, like brokers, are positioned in the Forex market, much faster than COT reports. Seeing this information directly on your chart is the real game-changer and breakthrough solut
Blahtech Market Profile MT5
Blahtech Limited
5 (9)
Indicators
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
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Siarhei Vashchylka
5 (8)
Indicators
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. A
Basic Supply Demand Dashboard MT5
Mehran Sepah Mansoor
Indicators
This dashboard discovers and displays the  Supply  and  Demand  zones on the chart, both in scalping and long term mode, depending on your trading strategy for the selected symbols. In addition, the scanner mode of the dashboard helps you to check all desired symbols at a glance and not to miss any suitable positions /   MT4 version Free indicator:   Basic Supply Demand Features Allows you to view trading opportunities on   multiple currency pairs , giving you a clear and concise view of all
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DWMACD
Roman Sukhorukov
Indicators
DWMACD - Divergence Wave MACD . The indicator displays divergences by changing the color of the MACD histogram. The indicator is easy to use and configure. For the calculation, a signal line or the values ​​of the standard MACD histogram can be used. You can change the calculation using the UsedLine parameter. It is advisable to use a signal line for calculation if the histogram often changes directions and has small values, forming a kind of flat. To smooth the histogram values ​​set the signa
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Vadim Strelkov
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Vadim Strelkov 2014.03.28 13:30 
 

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Version 1.1 2021.11.23
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