Our Colour Changing MACD Indicator
Cross Over From an Old Classic to a Modern Interpretation with our MACD Indicator
Our MACD Colours is The Prestige Trading Software’ interpretation of a classic indicator, the MACD Indicator. Our version uses a price reactive colour scheme for the elimination of doubt, with everything to the long side turning blue and everything to the short side turning red in real-time.
MACD stands for Moving Average Convergence/Divergence. The MACD Indicator is a technical analysis indicator, originally developed in the late 1970s by Gerald Appel. It took the form of two separate lines plotted around a zero line. Then Thomas Asprey added the histogram to it as his contribution in 1986.
The MACD indicator can be used to identify changes in a trend in terms of its direction, strength, duration and momentum, when applied to the price chart of an instrument (ie.Stocks, Forex, Futures, etc.)
The MACD indicator takes information based on price trends and can be a very useful indicator for a trending market, although it is generally not so useful in a sideways market.
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