The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
A technical oscillator that plots the difference between MACD and the Signal Line.
Extremely high readings warn for overbought conditions whereas extremely low readings warn for oversold conditions. A crossing above the zero line signals uptrend confirmation while a crossing below the zero line signals downtrend confirmation
Category: Technical Indicators