In this article I will tell you about my popular Forex technical indicator. And if I only choose one Forex trading indicator, that will be a great technical trading indicator. MACD or Moving Average Convergence Divergence Forex indicator. This MACD Moving Average Convergence Divergence is like Stochastic oscillator indicator because these both Forex technical indicator (MACD histogram and Stochastic) have fast line and slow line in their compositions which cross each other to give trading signals. MACD does not cross very much in sideways trend, and does not oscillates in certain area.
MACD histogram indicator gives good trading signals even in sideways trend, you can use MACD histogram indicator properly when the market price moving range. Bullish trading signal occurs if the black MACD Moving Average Convergence Divergence histogram cross above the red MACD line from bottom, Bearish trading signal occur if the black MACD histogram cross below the red MACD line from above. MACD Forex technical indicator can be used to determine the divergence signals. The distance between the MACD line and the signal line of the indicator with a histogram (light blue in the chart). Thus can be easily visually recognize when a crossover "looming" because the histogram striking the zero line approaches to help them cross over then exceeded.
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