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What is MACD Indicator in Forex The MACD is one of the most used Forex indicators for technical analysis. The indicator consists of two lines on an area and a histogram. Above you see a zoom-in image of the MACD Forex indicator that shows the way it will look like at the bottom of your chart. The MACD indicator trading strategy involves making trading decisions based on signals that come from the indicator.
The indicator is helpful in recognizing potential price increases and decreases. Traders use the MACD indicator Forex tool to support their Forex strategy and to open trades based on signals. What is the MACD Definition MACD is an abbreviation of Moving Average Convergence Divergence. The indicator was developed in 1970 by Gerald Appel to signalize changes in the direction, momentum and the strength of the Forex trends. MACD is a lagging indicator, which means that its signals appear after the event has begun on the chart.