FX5-MACD Divergence Metatrader 4 Indicator
FX5-MACD Divergence finds divergences between the currency price and the MACD indicator. The indicator provides buy signals for bullish divergences and sell signals for bearish divergences.
BUY: In uptrends: Open buy position after green arrow appears on the FX5 chart.
SELL: In downtrends: Open sell position after red arrow appears on the FX5 chart.
Use in conjunction with trend analysis tools to determine the primary trend. Don’t use FX5-MACD divergences against the primary trend.
GBP/USD 4 Hour Chart Example