MACD Divergence Indicator

Introduction to the MACD Divergence Indicator

The MACD Divergence indicator is a forex trading tool based on the well-known Moving Average Convergence / Divergence indicator.

It recognizes, spots, and displays divergences. Additionally, it will draw divergence lines. Reaction from these lines will be a good entry point.

The indicator is displayed in a separate window placed just below the main trading chart. It fits all kinds of timeframes and currency pairs.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

We give you 2 versions of MACD Divergence. The second one draws arrows after bullish or bearish divergence spotted. It is capable of discovering three types of divergences: classic, hidden and extended.

How to set up the MACD Divergence indicator in MT4?

Installation Guide

Download the MACD Divergence.rar archive at the bottom of this post, unpack it, then copy and paste the MACD Divergence.ex4 or MACD Divergence.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.