Yea, thats my favorite too. As with most technical indicators MACD determines the trend. If you stay with the trend you could become a successful forex trader. Finally in a practical sense MACD denotes the simple convergence of two moving averages. For example, it could appear as the average price line for the past week crossing over (perhaps up or down) the average price line for the past two weeks. A rising MACD indicates a rising price. When the two lines meet it is considered a neutral situation. Finally a decline below neutral usually indicates a short term declining trend.
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