MACD Divergence MT4 Indicator
When we monitor indicators we watch certain levels, thresholds to generate signals. However, some indicators supply extra information by their behavior. When we analyze the price movement and indicator levels, you understand something is wrong. The price makes new highs but indicator does not respond. That usually results in reversals.
MACD divergence indicator searches such patterns and warns you. This indicator should not be used to generate trading signals. You can use it as a confirmation tool.