Monday, 18 August 2008

ForexGen | Moving Average Convergence-Divergence

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Moving Average Convergence-Divergence (MACD) was originally
constructed by Gerald Appel an analyst in New York.
Designed for analysis of stock trends, it is now widely used in many markets.
MACD is constructed by making an average of the difference Between two moving averages.

The difference of the original two moving averages and the moving average of the difference can be plotted as two lines, one fast and one slow.The settings we will use are 12 – 26 – 9

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