Forex Glossary
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MACD
MACD indicator shows the convergence/divergence of moving averages and is designed to assess the strength and direction of a trend, as well as to identify the possible reversal points by receiving signals from the combination of three time series of moving averages (fast, slow and signal).
Market Facilitation Index
The Market Facilitation Index is created to evaluate the market willingness to move the price. The absolute values of the indicator have no practical use therefore the dynamics of their changes is considered relative to the dynamics of the volume change.
Market order
The order of the purchase or sale of a financial instrument (e.g. currency) at the current market price.
Momentum Indicator
The Momentum is a technical analysis indicator which reflects the direction of a trend and measures the speed of the price change based on the comparison of the current and previous values.