This is a converted MT4 indicator from FF. Someone has asked for it here, so I thought I would convert it for use. It can be conversionary indicator forex natively without all the conversion wrappers, but I will not work on that yet. Notification Publishing copyrighted material is strictly prohibited.
A native version is now published here, it is more efficient in what it does. The services provided by Spotware Systems Ltd. Neither is the information on our websites directed toward soliciting citizens or residents of the USA. Many traders use this indicator to decide entry- and exit-points from trades. Some, on the other hand, say that it lags trends too far. Experience on your own behalf will enable you to decide.
A nine-day EMA of the MACD, called the “signal line”, is then plotted on top of the MACD, functioning as a trigger for buy and sell signals. The leading Social Trading platform with 4. When the MACD falls below the signal line, it is a bearish signal, which indicates that it may be time to sell. On the other hand, when the MACD rises above the signal line that is a bullish signal, which suggests that the price of the currency pair is likely to move higher. Some traders also interpret divergence from the MACD as a clear signal of momentum.