Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
This indicator combines the classic MACD and Zigzag indicators to detect divergence between price and indicators. It also uses advanced artificial intelligence (AI) technology to detect the validity of divergence.
MACD is known as the "king of indicators," and Zigzag is also a very useful indicator. By combining these two indicators, this indicator leverages the strengths of both.
The detection of divergence is a probabilistic problem. Often, divergences occur only to be followed by further price movement in the same direction. Therefore, we attempt to use advanced AI technology to judge the validity of divergence, filtering out invalid divergences and then alerting users in a variety of ways.
Discounted price：59$
Features
* Zigzag indicator in MACD format
* Detects divergence between price and MACD indicator
* Uses AI technology to detect the validity of divergence
* Alerts users to divergence signals
* Alerts users to divergence signals via mobile phone
* Alerts users to divergence signals via email
* Supports multiple time frames
* Uses the powerful ONNX (Open Neural Network Exchange) model format
Usage
Bottom divergence:
When the single MACD crosses below, the indicator will detect whether it is a bottom divergence. If it is, the indicator will draw an upward arrow and alert the user.
Top divergence:
When the single MACD crosses above, the indicator will detect whether it is a top divergence. If it is, the indicator will draw a downward arrow and alert the user.
Input Parameters
Fast EMA period = 12;
Slow EMA period = 26;
Signal SMA period = 9;
Applied price = PRICE_CLOSE;
MaxCalculateBars = 2000;
UseAlertNotify = true;
UseMetaQuotesIDNotify = true;
UseMailNotify = true;
NofityPreMessage = "MACD Zigzig ";
SubWindow = 1;
Tags:Top Divergence,Bottom Divergence,Price Action,Scalping Strategy,Multi-Indicator,Smart Indicator,Divergence Recognition,Swing Trading,ONNX
