MACD

The MACD (moving average convergence divergence) indicator refers, on the one hand, to the oscillator* class and, on the other hand, to the complex averages class because it is nothing but only the improved visual perception of two simple moving averages (or exponential moving averages). 

*Oscillators (in technical analysis) are the class of technical analysis indices, which characterize the overbought or oversold status of the market. They are efficient, as a rule, in the permanent market status, when the price moves within a comparatively narrow “market corridor”.

There are two ways to build and analyze MACD:

• MACD linear, which is more frequently used for trend analysis
• MACD histogram, which rather refers to the oscillator class by the analysis method and value. 

*This indicator in the ATAC platform has been implemented using the combined moving average and histogram.

Indicator view on the chart.

To add and set up this indicator, open  Indicator settings window

Common.

Sourse -

setup of the indicator calculation parameters:

• Open
• High
• Low
• Close
• Volume

Long period - setup of the long period calculation.

Short period - setup of the short period calculation.

Signal Period - setup of the signal line calculation.

Drawing.

Panel- selection of the indicator position on the chart:

• New panel.
• Chart.

MACD

Show value - display of the indicator value on the left on the price scale.

Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.

Color - color setup of the indicator.

Visual type - visual setup of the indicator display on the chart:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setup of the line display: 

• Solide
• Dash
• Dash - dot
• Dash - dot - dot

Width - width setup for the indicator line.

The Signal line has the same visual settings as the MACD line.