MACD Divergence
This Old Kings indicator for MetaTrader 4 is called MACD Divergence. Judging by its name, it is built around MACD (moving average convergence / divergence) and divergence between price and an oscillator. In the code it works with moving averages. It has 5 settings, for example shift (default 1, DivSpread=15), Show Comments (default false) and Fast EMA (default 12). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About MACD Divergence
MACD Divergence is an indicator for MetaTrader 4 based on Moving Average. It has 5 settings, such as Shift, Show comments and Fast ema. MQL source code included.
Files in the download: MACD_Divergence.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Shift | 1, DivSpread=15 | Bar shift (0 = current bar) |
| Show comments | false | Comment written on the orders |
| Fast ema | 12 | |
| Slow ema | 26 | |
| Signal sma | 9 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MACD · Divergence · Moving Average · MT4 Indicator · MQL4 Source Code