OPEN-SOURCE SCRIPT

MACD Divergences by @DaviddTech

Updated
This indicator helps find divergences in the MACD.

This uses the modification of the TV built-in "Divergence indicator" (Version 10) that I have applied to the MACD.

Usage:
Add the indicator to your chart and then watch for it to plot divergences.
Release Notes
Quick update of the chart
Release Notes
added a "Don't touch the zero line".
* BULL must be below the zero line
* BEAR must be above the zero line
Release Notes
Updated a quick bug
Release Notes
Fixed a bug with the zero line.
Release Notes
Added alerts
macddivergencemacdivergenceOscillators

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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