![]() You don't need to download the MACD indicator separately, as it is already built into the MetaTrader 4 (MT4) platform. This is why it is so desirable to know the best MACD indicator settings for day trading to implement a simple MACD trading strategy. The MACD is a lagging indicator, also being one of the best trend-following indicators that has withstood the test of time. The MACD indicator formula is calculated by subtracting the 26-day Exponential Moving Average (EMA) from the 12-day EMA.Ī nine-day EMA of the MACD is known as the signal line, which is plotted on top of the MACD, usually marking triggers for buy and sell signals. The MACD was created by Gerald Appel in the late 1970s. It is a trend-following, trend-capturing momentum indicator, that shows the relationship between two moving averages (MAs) of prices. MACD stands for Moving Average Convergence Divergence. So, you don't need to go searching online for a MACD trading strategy on Reddit, where the reliability of your results can be questionable. In this article, you'll find everything you need to know about the MACD indicator and using a Forex MACD trading strategy (MACD strategy for Forex trading). Effective Combo with Admiral Keltner Indicator. ![]()
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