Here I show the relationship between the MACD
and Z-Score in a indicator called MAC-Z
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.
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