MACD Divergences — Indicator by undershot

macd divergences divergence

Update of MACD indicator which shows the most recent, and developing, price action divergences with the histogram.

Release Notes:

Updated chart image

Release Notes:

Updated to now include all past divergences, and fix bug which stopped indicator updating.

Release Notes:

Updated to include MACD variable inputs, and show MACD plot and MACD signal plot.

Release Notes:

Improved label positions

Release Notes:

Added alerts and tidied script

Release Notes:

Bug fix (hopefully): Stopped lines drawing onto each increasing histogram bar of current island.

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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