PTS MACD Divergence Box Indicator V1.0

PTS MACD Divergence Box V1.0 Indicator

Introduction

The PTS MACD Divergence Box V1.0 Indicator is designed to spot divergences between price and the Moving Average Convergence Divergence (MACD) indicator. Divergences occur when the price moves in the opposite direction of the MACD, signaling potential trend reversals.

Key Features

Divergence Detection

• • The algorithm behind this indicator is based on years of experience in visually detecting divergences.
  • It identifies both bullish and bearish divergences.
  • Divergences are drawn as green and red rectangles directly on the price chart.

Timeframes and Currency Pairs:

1. • The indicator works across multiple timeframes, from M5 (5-minute) to H1 (1-hour).
   • Recommended currency pairs include GBPUSD, EURUSD, and XAUUSD (Gold).

Strategy Implementation:

• • Short Trades:
    • When the price leaves a red box plotted by the indicator, consider a potential short trade.
    • Trigger the sell trade after the above conditions are met.
    • Set your stop loss a few pips above the last swing high of the market.
  • Long Trades:
    • Look for green boxes on the chart.
    • Consider a potential long trade when the price leaves a green box.
    • Set your stop loss accordingly.

Stay Updated:

Instant Download:  https://www.forexfactory.cc/product/pts-macd-divergence-box-indicator-v1-0/

For Joining Our Telegram Channel:  https://t.me/yoforexrobot

Visit Our Website: ForexFactory.cc for new updates and products.

🔔😎Happy Trading😎🔔