Forex Code

Normalized MACD: Unlocking the Secrets of Forex Trading

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The Normalized MACD is a unique indicator for forex traders who want to identify trend direction and identify potential trading opportunities in the market. This indicator is a modification of the classic MACD that normalizes the histogram and displays its values in the range of 0-200. By normalizing the MACD, traders can easily spot potential trading setups indicating that the market might enter a bullish or bearish trend. Additionally, by tracking the peaks and troughs in the normalized MACD indicator, traders can identify potential trend reversals and get an early warning of when the momentum of a trend is likely to change.