MACDivergence MTF
The development of the ideas embodied in the popular MACD indicator:
- It finds and graphically displays the classical inverse and divergence (divergence detecting two ways).
- Selects the display in different colors the trend is up, down.
- Two methods of determining the trend of: a) MACD crosses the level 0 (classical signal); b) the MACD crosses its average (early signal).
- Multiple timeframe indicator - MACD can show the data of other timeframes.
- Two ways to draw the indicator: classical histogram and line.
- Audible and visual signals when changing trend and divergence formation. Sending messages by email and push-messages to mobile devices.
The demo version of the indicator, you can try here.
Options
MACD indicator parameter block
- Fast EMA period - a period of rapid EMA.
- Slow EMA period - slow period EMA.
- Signal Line period - period signal line.
- Shift relative to the current TimeFrame (can be >0 <0 = 0) - offset timeframe relative to the current timeframe. Value 1 means 1 over, 2 by 2 over the value -1 under 1 period, etc. For example, if the current period M15, then the displacement is 1, the indicator will show the data of the MACD M30, and if the displacement -1 MACD indicator shows data on M5.
- The style of drawing MACD - rendering method MACD indicator (histogram or line).
- MACD color change and Method of Divergence calculating - methods for determining the trend (MACD changes color) and finding divergences (crossing zero level (the classical variant) or the intersection of a signal line (signal earlier).
- the Elder's method - method proposed by Elder in the book "The strongest signal in technical analysis" (at the intersection of MACD and 0, but the end of the peak / trough - is the next bar after the extremum) - signals earlier, but increased the number of false;
- at simple Zero-Level crossing - MACD simple crossing and 0 (classical version) - late signals, but more accurate;
- at Signal Line crossing - intersection and MACD signal line (optimal) - accurate signals with a small delay.
Divergences display unit parameters
- Enable Divergence - on off. divergences display
- Show Reverse Divergence - show inverse divergence
- Draw Divergence Lines in indicator's subwindow - If enabled, but the signal arrows, the divergence will be clearly displayed lines in the indicator window.
- Draw Divergence Lines in chart window - visual display of divergence lines in the main window.
- Classic Divergence line style - line style Classical Divergences.
- Reverse Divergence line style - line style Reverse Divergences.
- Classic Bullish Divergence color - color lines Classic bullish divergence.
- Classic Bearish Divergence color - color lines Classic bearish divergence.
- Reverse Bullish Divergence color - color lines downside bullish divergence.
- Reverse Bearish Divergence color - color lines downside bearish divergence.
Block notifications and sound settings
- ON / OFF - Sound when the signal - on off. audio signal feed
- Signal when the MACD changes color - the name of the sound file played back when changing trend (MACD changes color).
- Signal when the Divergence formed - the name of the sound file played in the formation of divergence.
- ON / OFF - Alert - on off. Posts in the terminal when a signal
- ON / OFF - Mail - on off. sending messages via e-mail
- ON / OFF - Push - on off. push-sending messages to mobile devices
Block other settings
- Language - Message language (supports English and Russian)
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