This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences.
I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences.
I did...
![AUDNZD: [RS]MACD Divergence V1](https://s3.tradingview.com/7/7OKY70A3_mid.png "[RS]MACD Divergence V1")
