The margin by which a currency in the EXCHANGE RATE MECHANISM Can diverge from its central or PAR VALUE. This is ±2.25 per cent except for the later entrants to the mechanism, e.g. Italy and the UK, which can diverge by 6 per cent in either...

MAd, which stands for Moving Average Convergence / Divergence, is a technical analysis indicator created by Gerald Appel in the 1960s. It shows the difference between a fast and slow exponential moving average (EMA) of closing prices. During the 1980's...