MACD Histogram indicator: the easiest way to find divergences

MACD Histogram indicator - is a modification of the standard MetaTrader 4 terminal oscillator MACDwhich includes a MACD line, a signal line and a histogram of the divergence of the mentioned lines.

Also MACD Histogram indicator allows you to find three types of divergences between the indicator and the price chart:

• classic;
• hidden;
• extended.

The MACD Histogram indicator has advanced settings, as well as a notification system of the detected divergence.

MACD Histogram indicator settings

• Fast EMA Period - the period of the fast exponential moving average;
• Slow EMA Period - the period of the slow exponential moving average;
• Signal SMA Period - period of the signal exponential moving average;
• MACD line - switches the MACD line on;
• Signal line - switches on the signal line display.

Divergence search settings

• MACD Histogram divergence indicator - enable the search for divergences with the histogram;
• MACD Line divergence indicator - enable the MACD line divergence search;
• Search classical - enable the search for classical divergences;
• Search hidden - switches on the search for hidden divergences;
• Search extended - enable the search for extended divergences;
• Show trend lines - switches on the display of divergence trend lines;
• Show divergence indicator - show divergence indicator;
• Show alerts - enable notification when a divergence is detected on the current bars.

Download MACD Histogram Indicator

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