MACD + Divergence + Line — Indicator by remtradepro

macd divergence hidden line tri

█ OVERVIEW

Here's the classic MACD with some simples features in plus.

█ CONCEPTS

4 features

1 — Classic MACD histogram, with 4 different colors such as above or below 0, and above or below the previous bar
2 — Display option to disable EMA
3 — A signal line that show the exact point, because the histogram view might be hard to be precise
4 — Looking for previous Divergences, Bullish, Bearish and Hidden Bullish and Bearish but I don't like Hidden divergences

█ OTHER SECTIONS

An oscillator is good to know where we are in the trends, but it's not enough to run a small business of trading, you need to learn how to use it.
What is a divergence ?

Thanks to The rational investor for teaching me how to use this indicator.

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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