Came across this MACD indicator. There are two lines in there that move very closely, and one of them seems to be simply shifted ahead against the other (forgot the proper FX English term for shifting, sorry for that).
So looks like when one line is above the other - it's an uptrend, and vice versa. When they form a flat line - means a flat trade.
I watched it on the volatile market this morning (5 min USDJPY) and it seems to CHANGE itself backwards with the price movements, but iI did not see it REPAINT itself - what I mean is that if one line is above the other at some bar in the past (indicating a trend), it will still stay above, though the current price movement can pivot them around some angle simultaneously - which is natural if they are simply shifted against each other. (hope I made myself clear here
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I'm interested what these two lines represent, because I do not understand code, a shameful gap in my education. And it seems to be a very good indicator, in some situations giving signals a bar-or-two earlier than many others, and, importantly, insisting on contituation of trend during small corrections that will make, say, a stochastic, reverse prematurely. Thanks