Financial Indicator Overview
MACD is the simplest and very reliable indicators used by many Forex traders.
MACD (Moving Average Convergence/Divergence) has in its base Moving Averages.
The MACD 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 usually lags of MA. And, like all indicators created from Starfield, all this description and tips are strong 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.
The basics of the MACD indicator
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:
1) The MACD Line cross 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.
2) 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 price is losing strength.
Configurable Parameters Explained
Your adjustable parameters are shown below.
~ Source Code Not Included ~
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