MAC-Z [ChuckBanger]

Here I show the relationship between the MACD and Z-Score in a indicator called MAC-Z . MACD is short for moving average convergence/divergence and is in it self showing the relationship between two EMA . The Z-Score in contrast is related to Bollinger Bands and in MAC-Z the Z-score is the difference between the current price and a moving average divided by the standard deviation of price over the same time period.

MAC-Z has its best use in the short term time frames in my opinion compared to MACD . Here i show from current time of writing how effective it is.

More info on MAC-Z:

Also take a look at MACD Leader:
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