What i mean is to compare the current MACD value to the high/low value of the week or month or the last couple of peaks/bottoms. I think it would be an interesting way to see reversals.
As usual someone already probably did such indicator or some indicator that fits this purpose, but i can't find it. Thanks.
edit: i found out what i wanted, if someone is interest and it's here
- average MACD - mtf & alerts+divergence.mq4
- (43.96 KiB) Downloaded 90 times
- average MACD - mtf & alerts+divergence.ex4
- (30.82 KiB) Downloaded 46 times