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

Unlike the standard MACD, this indicator only draws a signal line.

The indicator has six configurable parameters:

• Fast EMA - the fast EMA period;
• Slow EMA - the slow EMA period;
• MACD SMA - the signal line 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;