A unique professional tool is a divergence/convergence indicator between MACD and price, which allows you to receive a signal about a trend reversal in a timely manner or catch price pullback movements (depending on the settings). It is indispensable for those who trade divergences manually or with an Expert Advisor. The indicator settings allow you to adjust the strength of the divergence/convergence due to the angle of the MACD peaks and the percentage change in price, which makes it possible to fine-tune the signal strength. The indicator code is optimized and is tested very quickly as part of the Expert Advisor, does not use graphical objects. The indicator finds all 8 types of signals (see the schematic drawing) . Each of the signals can be adjusted in the direction or disabled.
The indicator does not redraw, the arrows for the direction of transactions are located exactly where the signal appears - at the opening of the bar.
MACDsettings = "=============="; //---------MACD settings--------- FastEMA = 12; //Fast period SlowEMA = 26; //Slow period SignalSMA = 9; //Signal SMA period Price_P = PRICE_CLOSE; //Price type DivConSettings = "=============="; //---Divergence/Convergence---- FractalLeftBars_P = 1; //Fractal left bars FractalRightBars_P = 1; //Fractal right bars IndDivForce_P = 1.0; //Diver/Conver force of indicator PriceDivForce_P = 0.01; //Diver/Conver force of price SignalDirections = "=============="; //---Signal Directions---- Diver_Conver_Dir = forward; //Diver/Conver signal direction Conver_Diver_Dir = forward; //Conver/Diver signal direction Parallel_Out_Dir = forward; //Parallel out signal direction Parallel_In_Dir = forward; //Parallel in signal direction OnlySeparately = true; //Separate signals only
