PTS MACD Divergence Box Indicator

The PTS MACD Divergence Box Indicator automatically scans and detects the divergences between the price and Moving Average Convergence Divergence. What distinguishes this forex divergence indicator from others is that it marks green and red boxes on the charts. Such a box defines an area of divergence occurrence.

The trading rules that apply for the PTS MACD Divergence Box Indicator are very simple. There is a buying opportunity after the green box is provided. Conversely, there is a selling opportunity after the red box is provided. Detailed instructions can be found below.

Buy Signal
-PTS MACD Divergence Box plotts a green box
Price leaves that box
-Buy trade is triggered after the above conditions are met
-Set stop loss a few pips below the last swing low of the market
-Take profit or exit whenever the PTS MACD Divergence Box draws 
 red box, or R:R ratio reaches 2+:1, or use your own method of trade 
 exit

Sell Signal
-PTS MACD Divergence Box plotts a red box
 Price leaves that box
-Sell trade is triggered after the above conditions are met
-Set stop loss a few pips above the last swing high of the market
-Take profit or exit whenever the PTS MACD Divergence Box draws 
 green box, or R:R ratio reaches 2+:1, or use your own method of trade 
 exit