FREE DOWNLOAD “Forex MACD Divergence MT4 Trading Indicator & Template” – Trading divergence is a classic way in which the MACD histogram is used.
One of the most common setups is to find chart points at which price makes a new swing high or a new swing low, but the MACD histogram does not, indicating a divergence between price and momentum.
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MACD divergence is a good tool for spotting reversals. But you still need confirmation tools like RSI to catch trade signals more accurately.