fx5_macd_divergence ea

MACD calculates the absolute difference between two moving averages. This means MACD values ​​depends on the price of the underlying security. MACD shares for $ 20 can range from -1.5 to 1.5, and MACD for $ 100 can vary from -10 to 10. It is not possible to compare MACD values ​​for a group of securities with different prices. An alternative is to use the Percentage Price Oscillator (PPO), which shows the percentage difference between two moving averages.

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