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DLMACD

4

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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The Precision Index Oscillator (Pi-Osc) for MT5 by Roger Medcalf of Precision Trading Systems First of all, if you have any questions please contact me via my website which you can find by searching the above title. Version 2 has been carefully recoded to be super fast to load up on your chart and some other technical improvements have been incorporated to enhance experience. Pi-Osc was created to provide accurate trade timing signals designed to find   extreme     exhaustion points, the points
Legacy of Gann for MT5
Pavel Zamoshnikov
5 (6)
Indicators
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
Bill Williams Advanced
Siarhei Vashchylka
5 (7)
Indicators
Bill Williams Advanced is designed for automatic chart analysis using Bill Williams' "Profitunity" system. The indicator analyzes four timeframes at once. Manual (Be sure to read before purchasing) Advantages 1. Automatically analyzes the chart using the "Profitunity" system of Bill Williams. The found signals are placed in a table in the corner of the screen. 2. Equipped with a trend filter based on the Alligator indicator. Most of the system signals are recommended to be used only accordi
SMCpro
Arief
5 (1)
Indicators
Currently Price  20% OFF  ( for unlimited use ) Indicator   USER MANUAL , trade setups, solving issues, etc :  Direct Download Here     (  for users only  ) Hello World! Introducing.. SMCpro tool and Indicator for  MetaTrader 5 , a cutting-edge feature designed to revolutionize your trading experience. With innovative ICT Smart Money Concept, you gain unparalleled insight into market dynamics, empowering you to make informed trading decisions like never before. SMC Indicator built on th
AW Trend Predictor MT5
AW Trading Software Limited
4.78 (58)
Indicators
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history. The indicator calculates Take Profit and Stop Loss marks. Manual and instruction ->  HERE  / MT4 version ->  HERE How to trade with the indicator:  Trading wit
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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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