What is MACD, and how do I find it on AccuCharts (as opposed to MACD Forest)?
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. 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. On the FX AccuCharts, the MACD can be found on the Analysis Tools under the spelled out name: ‘Moving Average Convergence Divergence.’ This should not be confused with the MACD Forest.
