Signal Moving Average Convergence Divergence

This indicator visualizes the intersection of two moving averages in the MACD oscillator.

It uses the histogram color to signal about the moving averages crossing the zero level of the indicator.

The MACD (Moving Average Convergence/Divergence) indicator is a popular oscillator actively used by traders when working in the currency and stock markets to determine trends and to search for trading signals.

This linear indicator allows obtaining a variety of trading signals:

• crossing the zero line;
• divergence;
• intersection of moving averages;
• intersection of the support/resistance levels (when used).

Note (when used): in the input parameters of the indicator, in the Levels tab, add a level of 0.00 and two levels -0.0004 and 0.0004.

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