The MACD 2 indicator shades the area between the MACD line and the signal line lime whenever the MACD line is above the signal line, and pink whenever the MACD line is below the signal line. It also computes for a Simple Moving Average (SMA) derived from the MACD line, which is then plotted as the signal line. The difference is then plotted on the MACD 2 window as the MACD line.
It then computes for the difference between the fast EMA line and the slow EMA line. The MACD 2 indicator has two underlying Exponential Moving Average (EMA) lines. It also plots histogram bars which also changes color depending on whether the trend is gaining momentum or is starting to weaken. This indicator plots a MACD line and a signal line wherein the area between the two lines would change color depending on the direction of the trend. It is a momentum technical indicator which is based on the concept of the crossing over of moving average lines. The MACD 2 Indicator is a Moving Average Convergence and Divergence (MACD) indicator. Let us explore how the MACD 2 can be used to identify potential trade opportunities. The MACD is a widely used technical indicator that is used by many seasoned traders.
5.2 Recommended Forex MetaTrader 5 Trading Platform.5.1 MT5 Indicators – Download Instructions.4 How to use the MACD 2 Indicator for MT5.
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