Description

• If MACD crosses Zero Line in positive direction (MACD subtracted by average is positive value) then Buy signal is plotted
• If MACD crosses Zero Line in negative direction (MACD subtracted by average is negative value) then Sell signal is plotted

Interpretation

• At positive crossover a buy trade can be executed
• At negative crossover a sell trade can be executed

Default Parameters Used/Inputs

• Input Line
• Fast Bar
• Slow Bar

Returns/Output

Buy and Sell Signals

Formula

MACD = Moving Average Type value1 (Input Line, Fast Bar) - Moving Average Type value2 (Input Line, Slow Bar)