Three Moving Averages Convergence/Divergence (MAxCD) Indicator
Platform: MT4 Type: Momentum Last update: October 6, 2024The Three Moving Averages Convergence/Divergence (MAxCD) indicator also known as MAxCD, is a signal oscillator that consists of three moving averages.
This forex indicator draws three colored histogram bars that float above and below the zero level. Each color of the histogram bar represents each moving average.
The readings of that gauge are really easy to follow, simply a bullish trend occurs when all 3 histogram bars are aligned above the zero level. Similarly, bearish trend occurs when all 3 histogram bars are aligned below the zero level.
To increase the performance we suggest using it with some other filters.
