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MACD Divergence Lines and Alerts for Bullish and Bearish Signals

Article MQL5 code base
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Summary

This indicator description explains how a divergence tool uses a standard MACD to display classic and reverse divergences. Solid lines mark classic divergence, while dotted lines mark reverse divergence. The MACD does not need to appear on the chart for the tool to operate; when a standard MACD is present, divergence lines appear both on the price chart and in the indicator pane, and the tool adopts that MACD's settings.

Users can change bullish and bearish line colors, choose how alerts are delivered, and select English for the alert language. The description gives no precise divergence definitions, signal rules, sample trades, or performance tests, so it explains display and configuration rather than establishing that the signals predict profitable reversals. The source is identified as translated from Russian, and the text does not document the indicator's limitations or behavior across markets and timeframes.

Key ideas

  • The tool identifies classic and reverse divergence using MACD data.
  • Classic divergence is drawn with a solid line, while reverse divergence uses a dotted line.
  • A MACD display is optional, but an attached standard MACD supplies the settings and receives divergence lines.
  • Users can customize bullish and bearish line colors and configure alert delivery and language.
  • The description contains no signal validation or performance evidence.

Tags

Technical indicatorsMomentumRisk management

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.