The Moving Average Convergence Divergence (MACD) is a momentum indicator created to show the strength or weakness of a price movement and provide possible buy/sell points. The MACD Indicator plots two lines and is built of three exponential moving averages, including the 12, 26 and 9. The MACD line is calculated by taking the 26 EMA from the 12 EMA, while the other line represents the 9 EMA. These are plotted to help create possible buy/sell signals when a crossover occurs. A histogram is also plotted to measure the difference between the two lines.
The features below are included with your purchase:
- Highlight chart or indicator when a MACD crossover occurs.
- Show signal icon over MACD crossovers.
- Ability to change signal icon.
- Multi Time frame capabilities.
- Notification options: text, email, sound, popup.
- Ability to change moving average type.
Signal Types
- MACD Zero Cross ā MACD line crosses zero level.
- Histogram Zero Cross ā histogram crosses zero level (same as MACD / Avg Crossover)
- Slope Change In Extreme ā MACD slope changes to up when above 0 or down when below 0.