Development of ideas embedded in the popular MACD index:

You can try the demo version of the indicator here.

The indicator is a complete analog of the “macdivergence MTF” indicator for MetaTrader 4

Block of parameters of the MACD indicator

• Fast EMA period – the period of fast EMA.
• Slow EMA period – the period of the slow EMA.
• Signal Line period – the period of the signal line.
• Shift relative to the current TimeFrame (can be >0, <0, =0) – timeframe offset relative to the current TF. A value of 1 means 1 older, 2 is 2 older, a value of -1 is 1 period younger, and so on. For example, if the current period is M15, then at an offset of 1, the indicator will show the MACD data on M30, and at an offset of -1, the indicator will show the MACD data on M5.
• The style of drawing MACD – the method of drawing the 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 the zero level (classic version) or crossing the signal line (earlier signal).
• Enable the Message about changing color of the MACD – on/off. messages about a trend change when the MACD crosses a zero or signal line.

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Divergence Display Parameters Block

• Show Classic Divergence – show Classic Divergences
• Show Reverse Divergence is to show reverse divergence
• Draw Divergence Lines in indicator’s subwindow – if enabled, then, in addition to the signal arrows, divergences will be clearly displayed by lines in the indicator window.
• Draw Divergence Lines in the chart window – displays a graphic of the divergence lines on the main window.
• Classic Divergence line style – the style of Classic Divergence lines.
• Reverse Divergence line style – the line style of the Reverse Divergence.
• Classic Bullish Divergence color – the color of the Classic Bullish Divergence lines.
• Classic Bearish Divergence color – the color of the lines of the Classic Bearish Divergence.
• Reverse Bullish Divergence color – the color of the Reverse Bullish Divergence lines.
• Reverse Bearish Divergence color – the color of the Reverse Bearish Divergence lines.

Notification and Sound settings block

• ON/OFF – Sound when the signal is on / off
• Signal when the MACD changes color – name of the audio file that is played when the trend changes (the MACD changes color).
• Signal when the Divergence formed – name of the audio file that is played when the divergence is formed.
• ON/OFF-Alert – on/off. messages in the terminal when signals occur
• ON/OFF-Mail – on / off sending messages to e-mail
• ON/OFF-Push – on / off sending push messages to mobile devices

Other Settings block

• Language-message language (English and Russian are supported)

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