Monday, June 23, 2008
MACD
Moving Average Convergence/Divergence(MACD) is a trend following momentum indicator of the relationship between two moving averages of prices. The MACD default is the difference between a 26-day and 12-day exponential moving average , called the signal or trigger line is plotted on top of the MACD to buy or sell opportunities. MACD can be used as an oscillator. Oscillators indicate that the trend is strong and will continue. Visually, the MACD consists of three elements. It is a line plotted on the bottom of the chart.
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