MACD is one of the simplest and most effective momentum indicators which was developed by Gerald Appel in the late seventies. The MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from …
Stochastic is basically a combination of statistics and mathematics. It is an oscillator that was developed by George lane. Stochastic is a momentum based indicator which identifies the location of the present closing price relative to its range over a set …