Archive for the ‘candlestick’ tag
Trend Line Forex
In FOREX: Why does the MACD line appear to crossover MACD Signal line at different points?
Why when I look at the Forex Eur/USD chart using the MACD indicator, the MACD line appears to crossover the MACD Signal line and be at different levels above or below 0.0000 when I view the chart in different time settings? For example, when I view the EUR/USD on a Daily chart the MACD looks to be below 0.0000, in a down trend, and crossing under the MACD signal line and when I view the same chart in a 15 min frame the MACD appears to be above 0.0000, above the signal line and trending upwards? Why is this?
Hi!! what a nice question!! not everybody wanna know really how MACD works!!!
It will be different because MACD (Moving Average Convergence-Divergence) is calculated based on 3 Moving averages… custom setting 12, 26, 9… apply to the close… that means.. that it calculate the average of the close value of the last 12 bars periods or candles… also the average of the las 26 candles and also the average of the close of the last 9 candles… si the close of a bar on a 15 mintue chart is different that the close of a daily chart… thats why the value of the moving averages are different!
if you wanna completely understand how MACD works you can go to
http://en.wikipedia.org/wiki/MACD
cheers
FOREX Real Time Instant Trend Lines and Fibonacci Scanner
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