hi guys and gurus
Though I am able to understand a bit about Moving Averages and MACD, yet I need some clarification. MACD is constructed by making an average of the difference between two moving average. The difference of the original two moving average and the moving average of the difference can be plotted as t wo lines, one fast and one slow. Can anyone please help me understanding the complete and true meaning, of the afore stated statement. I will be highly obliged.
Thanking you in advance.
Adultvish
Though I am able to understand a bit about Moving Averages and MACD, yet I need some clarification. MACD is constructed by making an average of the difference between two moving average. The difference of the original two moving average and the moving average of the difference can be plotted as t wo lines, one fast and one slow. Can anyone please help me understanding the complete and true meaning, of the afore stated statement. I will be highly obliged.
Thanking you in advance.
Adultvish