Our Color Changing MACD Indicator
Cross Over from an Old Classic to a Modern Interpretation with our MACD Indicator
Our MACD Colors is out updated version of a classic indicator. Our version uses a price reactive color scheme for the elimination of doubt, with everything to the long side turning blue and everything to the short side turning red in real-time.
MACD stands for Moving Average Convergence/Divergence. The MACD is a technical analysis indicator, originally developed in the late 1970s by Gerald Appel. It took the form of two separate lines plotted around a zero line. Then Thomas Asprey added the histogram to it as his contribution in 1986.
The MACD can be used to identify changes in a trend in terms of its direction, strength, duration and momentum, when applied to the price chart of an instrument (i.e. Stocks, Forex, Futures, etc.)
Our MACD takes information based on price trends and can be very useful for a trending market, although it is generally not so useful in a sideways market.
Combine the MACD with the Moving Average Indicator for a fantastic trading setup.
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