tesla80

MACD Divergence Pointer

This script points regular and optionally hidden types of bullish and bearish MACD divergences on the chart by drawing the divergence lines and optionally labels.

Hidden divergence is disabled by default, it can be enabled over settings window.

Regular divergence is enabled by default, it can be disabled over settings window.

There is an option to display the price channel additionally.

MACD settings are exactly same with the embedded MACD indicator's
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Hi can you share the source code please, i find that the pointer is consistently inaccurate and does not pick out the major swings and instead gets confused with very minor swings. Is there a way to fix this please? In its current guise i find it misses a lot of stand out divergences. Thanks
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hey, does this read divergences from histogram or the signal - macd lines?
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could you show me how to create alerts for the regular divergence to appear? Works great with my strategy but would love to use an alert to aid me in not missing out on a great entry point for my trading setups
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tesla80 fredrickode
@fredrickode, Hello, I have added alerts support to all of my indicators but couldn't have time to publish them. I'm going to publish them very soon.
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