Lesson 15 | Complete Guide to MACD | Learn Forex Trading Beginner to Pro-Trader | Smart Forex Trading
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Lesson 15: Complete Guide to MACD
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DESCRIPTION OF VIDEO:
MACD is an acronym for Moving Average Convergence Divergence. The MACD or “Moving Average Convergence Divergence” indicator is a momentum oscillator used to trade trends. MACD plots the distance between moving averages and helps traders identify trend direction and whether the bullish or bearish momentum in the price is strengthening or weakening.
Although MACD is an oscillator, it is NOT typically used to identify overbought or oversold conditions.
The MACD is a trend-following indicator since its purpose is to show the differences between two moving averages.
We will be showing you a MACD indicator on trading view platform.