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Terms Defined

  • #1
  • First Post: Nov 19, 2010 2:02pm Nov 19, 2010 2:02pm
Hello,

Can someone explain to me what the following terms are and mean?

- Fractical
- Convergence
- Divergence

Cheers!
  • #2
  • Nov 20, 2010 3:48am Nov 20, 2010 3:48am
Fractical ? I am sure you mean Fractals.

On a price chart, a Fractal is made up of normally a 5 bar pattern, though it can be more. It is when the middle bar has either 2 lower highs either side or 2 higher lows. The middle bar making a high or low in the pattern is the fractal.

Convergence Divergence, I assume you mean the MACD definition ?

Simply put is where the Moving averages are in Agreement or Disagreement. They either converge together or diverge away from each other. Read up on how to use the MACD indicator.
It never gets easier, you just get better
  • #3
  • Nov 20, 2010 8:52am Nov 20, 2010 8:52am
investopedia.com is a good place to find simple explanations of terms, among many other things.
  • #4
  • Last Post: Nov 23, 2010 12:06am Nov 23, 2010 12:06am
Awesome, thanks guys
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