MACD is an acronym for Moving Average Convergence Divergence. This tool is used to identify moving averages that are indicating a new trend, whether it’s bullish or bearish. After all, our #1 priority in trading is being able to find a trend, because that is where the most money is made.
With an MACD chart, you will usually see three numbers that are used for its settings.
* The first is the number of periods that is used to calculate the faster moving average.
* The second is the number of periods that are used in the slower moving average.
* And the third is the number of bars that is used to calculate the moving average of the difference between the faster and slower moving averages.
you can learn more about MACD on : http://forexgen.com/level-2-forex-basics/macd.html
1 comment:
Your examples are clear and easy to understand
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