MACD Tracker

About: MACD Tracker

- This app can be used to track convergence and divergence of 30, 60 and 90 day moving averages of currency conversion rates.
- Moving Average Convergence Divergence is a technical indicator developed by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a time series.
- This app tracks moving averages of currency conversion rates to detect strong trend changes and to indicate momentum.
- The idea is to track the relationship between moving averages of the currency conversion rates for time periods of 30 days, 60 days and 90 days.
- As the shorter term moving average diverges further from the longer term moving average it indicates that the upside momentum is increasing. Divergence signals the end of momentum or current trend.