Oscillators are a classification of indicators which many traders use as an additional level of confirmation regarding the direction of the trend or momentum.
The MACD is one of the most popular types of oscillators, and the OsMA is an oscillator which is often derived from the MACD. This indicator is a combination of both the MACD and the OsMA.
The Best MACD Final Indicator is an oscillator type of indicator which is a modified version of the Moving Average Convergence and Divergence (MACD) indicator. It is in fact a combination of the classic MACD indicator and the Oscillator Moving Average (OsMA) indicator.
This indicator plots two oscillating lines, the green line being the MACD line and the red line being the signal line.
It also plots histogram bars which represents the OsMA component of the indicator. It plots green bars indicating bullish momentum, red bars indicating bearish momentum, and yellow bars indicating a weak momentum direction. Positive bars indicate a bullish trend, while negative bars indicate a bearish trend.
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