Lesson 8 – MACD

Inviato il 10 November 2008 da Forex Staff

Moving Average Convergence / Divergence (MACD) Moving Average Convergence-Divergence also known as MACD was developed by a man named Gerald Appel. Mr Appel was an analyst in New York and he originally designed the MACD for the analysis of stock trends. Today MACD is being used widely in many markets including Forex. The MACD is an oscillator lagging indicator, meaning it walks behind prices, because it is based on the moving average indicator. However, the MACD is more sensitive to price movements. The MACD indicator consists of two lines; the first line in the MACD is the MACD line, and it commonly uses the 12 period ...