The MACD (Moving Average Convergence Divergence) is a technical analysis indicator used to identify changes in the momentum and trend direction of an asset. It was developed by Gerald Appel in the 1970s and is one of the most popular tools for analyzing financial markets.

Using Settings

Clicking on the indicator settings icon will open its configuration window, within which you will be able to make several choices regarding the functionality of the indicator itself.

Parameters

In the Parameters section you can change the indicator parameters:

• Fast: The fast EMA period (default: 12 periods)

• Slow: The slow EMA period (default: 26 periods)

• Input Data: The price data to use for calculation (Close, Open, High, Low and Volume)

• Smooth: Smoothing option for the MACD line

Subgraphs

In the Subgraph section, you can set the colors and style of the histogram, signal and indicator line:

• MACD Histogram Color: Set the color of the histogram

• MACD Signal Color: Set the color of the signal line

• MACD Line Color: Set the color of the MACD line

• Secondary Color: Set an optional secondary color

• Subgraph Style: Choose the display style 

• Line Style: Define the line style 

• Line Width: Define the width of the lines

• Use Secondary Axis: Option to display on a secondary axis