MACD Divergence [ALERTSETUP] — Indicator by cyatophilum

Moving Average Convergence / Divergence (MACD) macdivergence

A request I thought would be useful to code.

Very simple script that allows to create alerts on MACD divergences, based on @wanliyu script.

I also removed the security function to avoid repainting.

Red background is bearish divergence and green background is bullish divergence.

Enjoy !

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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