Random article: Forex MACD Indicator
MACD (moving average convergence/divergence) is a well-know technical indicator based on relation of two moving averages (MA) of price. This indicator is related to both trend indicators and oscillators. Notwithstanding it was first reported by Gerald Appel as early as in the end on 1970-s, this indicator is still popular today. Let's figure out why it gained popularity among traders, which useful information it provides and what are its pros and cons.
Two types of MACD are distinguished: linear and bar chart. Let's consider each of them separately.