FX 5 MACD Divergence Indicator

FX 5 MACD Divergence Indicator is one of the most popular among traders indicators to search for divergences based on the standard MACD indicator.

Using the FX 5 MACD Divergence indicator in trading

FX 5 MACD Divergence indicator displays lines on the price chart of a currency pair, signaling the appearance of the divergenceand in the basement part of the indicator an arrow is displayed, the direction and color of which give recommendations on opening a position.

Additionally, the FX 5 MACD Divergence indicator displays an information window informing about the time of the divergence appearance, its type and timeframe.

The FX 5 MACD Divergence indicator is available in two versions:

• FX 5 MACD Divergence v1.0 - characterized by early appearance of signals, but their redrawing is possible.
• FX 5 MACD Divergence v1.1 - compared to version 1.0, the signal is delayed by one candle, but there is no chance of redrawing.

According to ForTrader.org experts, the version of the used FX 5 MACD Divergence indicator depends on time intervalThe indicator version 1.0 is suitable for short-term intervals (M5, M15). For timeframes H4 and D1 the indicator version 1.0 is suitable, for short-term intervals (M5, M15) it is more appropriate to use the indicator version 1.1.

Download FX 5 MACD Divergence Indicator

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