\r\n \r\nRead more about the MACD in TradingView wiki.", "title": "Moving Average Convergence / Divergence (MACD)"}">
Moving Average Convergence / Divergence (MACD)
The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
This indicator is the work of the Cracking Cryptocurrency Premium Trading Group. This indicator is free and available to use publically. If you would like to trade along with us and have access to our Analysts, Signals, Analysis, and Education please Join Our Free Community!
Cracking Cryptocurrency - Waddah Attar Explosion
An entry indicator that analyzes...
I have modified Waddah Attar Explosion indicator to work in low price markets like crypto as well as any other market. So now the DeadZone line is based on ATR instead of a fixed number. Nothing more changed and all credits goes to it's MT4 developer and LazyBear (Main Script Link).
Hope you enjoy!
Read the main description below...
- - - - - - - - -...
This MACD is averaging 3 different MACD; KAMA MACD, ZLEMA MACD, and normal MACD.
Can find easier MACD's divergence and convergence than normal MACD.
And more smoothly drawing than ZLEMA MACD (KZ_MACD) which is I've made before.