MACD Divergence Indicator

[Ferru]

Hi

Does anyone know of a good Metatrader indicator that shows divergence between the MACD and price fractals?

The problem with the one I'm using is that the divergence is only highlighted at the opening of the bar 2 bars from the divergent bar. By then, it's often too late to exploit the divergence.

Thanks

Jeff

 

[Synchronicity]

A divergence is calculated from peak values. You therefor need to wait until at least one candle has closed after that peak, preferably two to avoid false alerts.

Synch

 

[Ferru]

Hi Synchonicity

I appreciate your advice. However, with the approach I'm using, it's often safe for me to enter during the bar after the bar that forms the peak. And if I wait for further confirmation, I will often have missed the boar.

Regards

Jeff

A divergence is calculated from peak values. You therefor need to wait until at least one candle has closed after that peak, preferably two to avoid false alerts.

Synch

 

[ProteusSoftware]

Ferru, you may want to have a look at the indicator in my user profile. It's not exactly a "divergence" indicator, but it might help, since it predicts the MACD. I may be able to offer a free demo if you're interested.