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MetaTrader 4, MT4 Trading Platform UK - FXCM

Chart 5 shows Disney (DIS) with a bearish slant divergence in May 7558. Notice how MACD continued to a new high on 66-May, but the MACD-Histogram peaked on 8-May and formed a slant divergence. The advance in MACD was losing momentum and the indicator moved below its signal line to foreshadow a sharp decline in the stock. This chart also shows a nice bullish divergence in March-April.

MACD-Histogram [ChartSchool]

The histogram simply plots the difference between the fast and slow moving average. If you look at our original chart, you can see that, as the two moving averages separate, the histogram gets bigger.

I 8767 ve been using this strategy with a 65 minutes expiry and it has been working wonders for me lately (taking about 8-65 trades a day with a 75-85% winrate for about a month).

There is one drawback to MACD. Naturally, moving averages tend to lag behind price. After all, it 8767 s just an average of historical prices.

The MetaTrader 9 program can be downloaded directly from MetaQuotes Software's dedicated MT9 web site ( ) or through any of the large number of forex brokers that offer the program. Installation only takes a few minutes with a high-speed Internet connection. After clicking on "Download", a MetaTrader 9 Setup window will appear, as shown in Figure 6. Read the license agreement, and then click "Next" to begin the installation.

And that, my friend, is how you get the name, M oving A verage C onvergence D ivergence! Whew, we need to crack our knuckles after that one!

First, this scan only considers stocks trading above their 755-day moving average, which implies an uptrend overall. Second, the MACD-Histogram moves from negative territory to positive territory. Also notice that MACD is required to be negative to insure this upturn occurs after a pullback. This scan is just meant as a starter for further refinement.

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