PTS MACD Divergence Box Indicator V1.0

PTS MACD Divergence Box V1.0 Indicator

Introduction

The PTS MACD Divergence Box V1.0 Indicator is a cutting-edge solution for identifying bullish and bearish divergences in real-time. Traders can integrate it into their MetaTrader 4 (MT4) platform to enhance their trading strategies. Here’s what you need to know:

Key Features

1. Divergence Detection:
   • The indicator scans price charts for divergences between the price action and the MACD oscillator.
   • When a divergence occurs, the indicator plots colored boxes directly on the chart:
     • Green box: Bullish divergence (price makes lower lows while MACD makes higher lows).
     • Red box: Bearish divergence (price makes higher highs while MACD makes lower highs).
2. Timeframes:
   • The PTS MACD Divergence Box works seamlessly across the following timeframes:
     • M5 (5-minute)
     • M15 (15-minute)
     • M30 (30-minute)
     • H1 (1-hour)
3. Supported Currency Pairs:
   • GBPUSD (British Pound vs. US Dollar)
   • EURUSD (Euro vs. US Dollar)
   • XAUUSD (Gold vs. US Dollar)

Trading Strategy

PTS MACD Divergence Box  indicator’s strategy revolves around divergence-based trading:

1. Bullish Divergence (Buy Setup):
   • Look for green boxes (bullish divergence).
   • When the price breaks above the recent high within the green box, consider a long trade.
   • Set a stop-loss below the recent swing low.
   • Target profits based on your risk-reward ratio.
2. Bearish Divergence (Sell Setup):
   • Identify red boxes (bearish divergence).
   • When the price breaks below the recent low within the red box, consider a short trade.
   • Set a stop-loss above the recent swing high.
   • Take profits based on your trading plan.

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