Moving Average Convergence/Divergence

From Boolean Trader
Jump to: navigation, search

Description

The Moving Average Convergence/Divergence is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD line which can function as a trigger for buy and sell signals.[1]

Syntax



Inputs

short
Number of periods for the short EMA.

long
Number of periods for the long EMA.

signal
Number periods for the EMA of the MACD.

Outputs

MACD
The Moving Average Convergence/Divergence.

Signal line
The pair used. Write it like this “EURUSD” and make sure the pair name matches exactly the name in MetaTrader.

max
The amount of ticks you want to list. Newest tick will be on top.

Example Usage

Example Calculations

Chart

References