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Multi-Timeframe MACD Divergence with Stochastic and Bollinger Bands

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Summary

The expert advisor combines MACD divergence with stochastic confirmation and Bollinger Band trade exits. For buys, the stochastic main line must be above its signal line and remain within the configured oversold range for a specified candle period. The sell setup reverses those conditions. Indicators can use separate timeframes, allowing divergence, confirmation, and exit levels to be drawn from different chart intervals.

The trade target is the upper Bollinger Band level captured when the trade opens, and the stop is set to match the target distance. The advisor allows only one open trade at a time and also has an alert-only version. The description provides no performance results or detailed rules for detecting MACD divergence, and it does not specify costs, markets, or testing conditions. It recommends one-minute open data when testing changes to timeframe settings.

Key ideas

  • Buy entries require bullish MACD divergence and stochastic confirmation within the oversold range.
  • Sell conditions invert the buy setup.
  • Divergence, stochastic confirmation, and Bollinger Band exits can use different timeframes.
  • The stop distance is set equal to the target distance, which is based on the Bollinger Band at entry.
  • The advisor permits only one open trade at a time and offers an alert-only version.

Tags

Technical indicatorsForexRisk management

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