ES Thursday 10-27-16 : Hot Topic


The MACDiv indicator is identical to the ImpulseMACD indicator except that it draws lines between the two most recent peaks and two most recent dips. These lines are colored blue unless they mark a divergence. For short divergence signal the line will be colored red and for long divergence the line will be colored lime.


The MACDiv is one of the studies that comes with the ElderPack.


The chart below is MSFT daily. The green and red arrows have been drawn in by hand on the price chart to show where the MACDiv indicator has signaled.

The MACDiv indicator dynamically adjusts itself while the price bars are forming and will move itself along to the next peak and dip set in real-time. The author has been testing this indicator on the 1 minute e-mini S&P contract. Here is an example:

This is an example of an IBM daily chart with the MACD divergence long signal shown as well as a SafeZone Long Stop study on it (yellow line). The settings used on this chart were:
Impulse settings: MACD 12,26,9 EMA 13
SafeZone settings: Lookback period 20, coefficient 3


To configure the study please right click on an advanced chart that has the study loaded and from the menu select Edit Studies... and in the subsequent dialog box select the appropriate study from the drop down list in the top left hand corner next to the label Study:

Please refer to the parameters on the ImpulsePaintBar page. The MACDiv Study is the same study as the Impulse Studies but just adds divergence lines to the indicators for your convenience.


Support is always available for the indicators. We suggest that you post your support question in the MyPivots Support Forum for quickest response.