Description
The MACD (2-lines) study shows the relationship between the fast and the slow moving averages (MACD) with a moving average line of MACD itself (the "signal" or "trigger") plotted on top to show buy/sell opportunities.
Input Parameters
| Parameter | Description |
|---|---|
fast length
|
The number of bars used to calculate the fast moving average. |
slow length
|
The number of bars used to calculate the slow moving average. |
macd length
|
The number of bars used to calculate the moving average of MACD. |
average type
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
Value
|
The value of MACD. |
Avg
|
The moving average of MACD. |
ZeroLine
|
Zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.