The custom MACD_Divergence indicator draws the MACD indicator line in a separate window and displays found divergences in the indicator window and on the price chart.

Unlike the standard MACD, the indicator draws a simple line instead of the MACD histogram.

The indicator has five input parameters:

• Fast EMA - the fast EMA period;
• Slow EMA - the slow EMA period;
• Applied price - the calculation price;
• Bullish color - the color of bullish signal arrows and lines;
• Bearish color - the color of bearish signal arrows and lines;