Introduction: This is indicators used divergence theory. Red arrow = sell signal and green arrow = buy signal.
FX5 MACD Divergence Indicator finds differences in the chart readings of the MACD indicator and the price chart (divergence). FX5 MACD Divergence V1.1 graphically shows the divergence on the chart and the arrows indicate the expected price movement.
We have already dismantled a similar indicator called MACD Divergence Indicator. In fact FX5 MACD Divergence Indicator can be used to find the divergence on any currency pair and any time frame. But usually on the higher time frames (H1 and higher) the signal quality is better.
1. Copy “FX5 Divergence .mq4” file to C:/Program Files/MetaTrader4/experts/indicators folder
and restart your MetaTrader.
2. Open Navigator/Custom Indicators panel and drag the indicator named “FX5 Divergence .mq4” to the
chart of any currency pair.
Click to Download: FX5_Divergence_v1_1.zip
Forex Buy and Sell Indicator is better and safe strategy Indicator for Forex trading.
Its very important to understand forex news and market movement.
Please read Installation And User Guide Of “Forex Pips Magnet Indicator” carefully do not skip any single page.
Before using indicators first use it on demo account , keep update yourself and analysis it to use live account (Micro).
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