Want to earn in the Market? Sell alerts, push alerts, email alerts, and visual on-screen alerts. Create your macd forex ea review strategy by adding additional Tipu Panel addon indicators. Add premium Tipu Trend indicator and get more out of the MACD signals.
The panel can be moved to any place on the chart or minimized to allow more space. MACD Oscillator was devised by Gerald Appel in late 1970s. It is a momentum oscillator that is calculated by subtracting the two price moving average calculated on the price. MACD Oscillator is one of the most simplest indicator that provides best of both trend and momentum.
Convergence and Divergence of two moving averages. Zero Line Cross – MACD zero line cross means the two moving averages cross. Signal Line Cross – MACD signal line is the simple moving average of the MACD main line and can help signal early change in the trend. For example, when the MACD main line crosses the signal line from below, it means the moving average trend is moving up. This can be used as a buy signal. Divergence – Divergence occurs when the MACD indicator directional movement is not confirmed by the price action. For example, a bullish divergence occurs when EURUSD makes lower low but the MACD indicator makes higher low.
This means that EURUSD is losing momentum and a bullish correction is possible. Full description of MACD Oscillator is available here. Main Signal Cross – will generate a trade signal when the main line crosses the signal line. Sell Signals – choose Arrow or Vertical Lines or nothing.