I present an indicator for professionals.  ProfitMACD looks and functions much like the classic MACD, but it is based on completely different algorithms (for example, it has only one averaging period) and is more robust, especially on small timeframes, because it filters random price movements. The classic MACD (Moving Average Convergence/Divergence) indicator is a trend — following indicator based on the ratio between two moving averages, namely, the EMA with periods of 12 and 26, i.e., the Moving Average.

MACD = EMA(CLOSE, 12) – EMA(CLOSE, 26),
and the signal line – the 9-period moving average from the indicator itself

SIGNAL = SMA(MACD, 9).

          The algorithm of the ProfitMACD indicator is much more complex and is shown in the last screenshot. ProfitMACD, like the classic MACD, is most effective in conditions when the market fluctuates with a large amplitude in the trading corridor.

         The indicator has all types of alerts.

The classic MACD gives a lot of false signals on small timeframes, providing good results on weekly and daily charts. ProfitMACD also works on hourly timeframes and can be quite accurate even on M5, which allows you to use it for scalping.

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In addition, the ProfitMACD indicator has less lag.

By the value of the main ProfitMACD line in points, you can, if there is a signal, set the Take Profit position when playing on fluctuations within the channel. And when playing according to the trend, set the valueStop Loss.

           The signals of these indicators are (1) intersections, (2) overbought/oversold states, and (3) divergences.

             If the main line of the indicator falls below the signal line, then you should sell, if it rises above the signal line-buy. Intersections of the main zero line up/down are also used as buy/sell signals.

             If the indicator readings are very high, then the price is too high and will soon return to a more realistic level.

             If a higher price high is not confirmed by a higher high on the indicator (bearish divergence), or vice versa, a lower low is not confirmed by a low on the indicator (bullish divergence), then this means the end of the trend and a possible reversal. Divergences are most significant if they form in the overbought/oversold areas.

• Price type – The price type. Values: Close price (default), Open price, High price, Low price, Median price ((high low)/2), Typical price ((high low close)/3), Weighted price ((high low 2*close)/4). 
• The averaging period – The averaging period. Any integer (9 by default).
• Data in points of possible profit? – Show data in points of possible profit?  Values: true (default), false.
• The Signal method –  Type of notification about a trading signal. Values: No, Send alert, Print (in expert), Comment (in chart), Sound Print, Sound Comment, Sound, Push Comment, Push, Mail Comment, Mail.

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