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MACD Div Indicator.

  • #1
  • First Post: Feb 13, 2009 2:41am Feb 13, 2009 2:41am
Hey friends,

Does any one have a indicator for that plots MACD Divergencece automatically on chats?

If so can you please forward that to me.

Thanks

Peace
  • #2
  • Feb 13, 2009 12:52pm Feb 13, 2009 12:52pm
Programming divergence is very difficult. I wasted some time trying to do that in my early years of trading and then wasted money by buying a couple indicators and even paying a programmer to make one for me.

The problem is that the code has to identify price and indicator peaks and valleys. The only way to know for sure that a market has reversed is to wait a few candles. By then the move is half way over and divergence is no more accurate than readily available simple indicators.

Divergence and even better, Hidden Divergence are great when you are reviewing charts but it's hard to trade from the right edge of the chart.
  • #3
  • Feb 16, 2009 2:00am Feb 16, 2009 2:00am
philmcgrew,
I see what youre saying. I have no idea of programing nor coding. I saw this guy on ebay selling the MACD indicator with divergence with sound alert. I am in no mod to spend more money on indicators any more. take a look and tell me what you think. Most of his charts are 1m and that bothers me.

http://cgi.ebay.com/FOREX-SPECL-MACD...lenotsupported

Quoting philmcgrew
Programming divergence is very difficult. I wasted some time trying to do that in my early years of trading and then wasted money by buying a couple indicators and even paying a programmer to make one for me.

The problem is that the code has to identify price and indicator peaks and valleys. The only way to know for sure that a market has reversed is to wait a few candles. By then the move is half way over and divergence is no more accurate than readily available simple indicators.

Divergence and even better, Hidden Divergence are great when...
  • #4
  • Feb 16, 2009 2:13am Feb 16, 2009 2:13am
hehehe. OK, I clicked on the link.
1. It came up in all caps. Red Flag.
2. It's on e-bay. Warning bells clanging.
3. I've seen that indicator on here for free.

Do a search for it, or maybe someone knows where it is. I think this guy is just trying to sell someone else's work.

edit: I did a quick search. Here it is.
http://www.forexfactory.com/showthread.php?t=140682
  • #5
  • Feb 17, 2009 12:32am Feb 17, 2009 12:32am
I will test them out. Thanks for your help.

Peace out


Quoting price
hehehe. OK, I clicked on the link.
1. It came up in all caps. Red Flag.
2. It's on e-bay. Warning bells clanging.
3. I've seen that indicator on here for free.

Do a search for it, or maybe someone knows where it is. I think this guy is just trying to sell someone else's work.

edit: I did a quick search. Here it is.
http://www.forexfactory.com/showthread.php?t=140682
  • #6
  • Sep 30, 2009 8:50pm Sep 30, 2009 8:50pm
I think that BJF divergence conception showing great promise.
MQL4: idea * experience + creative solution
  • #7
  • Last Post: Sep 27, 2016 7:57am Sep 27, 2016 7:57am
, Does any one have a indicator for that plots MACD Divergencece automatically on chats? If so can you please forward that to me. Thanks Peace[/quote]




This is not an indicator. it's a MACD EA.
You will find it in your expert folder.
it comes with all new accounts on MT4.
I think people just dismiss it.
But I've been testing it on a 4 hour chart and it makes profit.
there is no harm in trying it.

Attached File(s)
File Type: ex4 MACD Sample.ex4   10 KB | 486 downloads
Attached File(s)
File Type: mq4 MACD Sample.mq4   6 KB | 501 downloads
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