The MACD (Moving Average Convergence/Divergence) indicator is the simplest and most reliable indicator used by many Forex traders and is a popular momentum and trend-following indicator that is based on the information of moving averages and, thus, ideal to act as an additional momentum tool and momentum filter for your trading.
Our MACD Zero-Lag Histogram indicator uses a formula for Moving Average that eliminates the usual lags of MA. And, like all indicators created from Starfield, all these descriptions and tips are strongly coded so you need just to read the message from the right side of the indicator to understand the market conditions.
We strongly recommend using MACD in association with Dynamic_RSI, CCI and Stochastic for the best accurate market signal.
MACD Indicator Overview
The MACD is based on moving averages and this means that it’s ideal for analyzing momentum, finding trend-following entries and staying in trends until momentum is dying off. There are 2 MACD signals:
- The MACD Line crosses 0, the MACD is thus its own moving average crossover system in just one line. A cross of 2 MAs shows a change in momentum and it can often foreshadow the creation of a new trend. So, whenever the MACD Line crosses 0, it shows that momentum is changing and potentially a new trend is just being created.
- The Signal Line, when you see the two MACD indicator lines move away from each other, it means that momentum is increasing and the trend is getting stronger. When the two lines are coming closer to each other, it shows that the price is losing strength.
Telegram Alerts Configuration
When there is a trade signal you can get a free instant telegram message.
Install the Telegram App on your mobile phone or PC and receive free instant messages, you no longer need to pay using an SMS service.
Conditions for the Alert Signals
The following conditions must be true to send a buy signal alert, the reverse applies to sell signals:
- Main Trend: Bullish
- Signal: Buy.
How To Install & Remove
First, make sure you have the cTrader trading platform installed, unzip the file and double-click on it to automatically install it onto the platform.
Any Questions?
If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.
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