MACD Divergence Pointer — Indicator by tesla80

centeredoscillator macd divergence hiddendivergence regulardivergence

This script points regular and optionally hidden types of bullish and bearish MACD divergences on the chart by drawing the divergence lines and optionally labels.

Hidden divergence is disabled by default, it can be enabled over settings window.

Regular divergence is enabled by default, it can be disabled over settings window.

There is an option to display the price channel additionally.

MACD settings are exactly same with the embedded MACD indicator's

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?