MACD Indicator: A Powerful Tool for Technical Analysis
The MACD Indicator is a powerful tool in Technical Analysis that can help you identify trends and predict future price movements. It has been around since 2007 and has helped traders make millions of dollars by following its signals. Introduction to MACD Indicator and its significance in Technical Analysis. MACD is a price momentum indicator and it uses two moving averages to show the trend of a security. The upper line is called the signal line, which is used to indicate whether the price rises or falls above or below this line. The lower line is called the neutral zone, which indicates where prices should be trading when they're not going up or down too much (in other words, when they're neither rising nor falling). MACD can be used as an alternative to other technical indicators such as Bollinger Bands or RSI (Relative Strength Index). It works by calculating differences between two exponential moving averages: one that moves with time while another moves against it over ...