This indicator is based on MACD oscillator. The difference between the classic MACD and the Tape MACD is the drawing only one line. When it turns green, this means that the currency pair will rise; and when it turns red, it means that the currency pair will fall.
How to trade with tape MACD:
- Buy: wait until the indicator color turns to green.
- Sell: wait until the indicator color turns to red.