## MACD Is an Oscillator, But...

We can say **MACD is an oscillator**, as it oscillates around zero. But unlike most other oscillators, MACD has no (explicit) overbought and oversold areas. It also doesn't have a percentage or standardized scale (like 0 to 100 or -100 to 100).

## MACD Units

**MACD is measured** in the same units as the underlying market's price (dollars, euros) and *theoretically* there are no limits on the **values MACD can reach**, as the two exponential moving averages can in theory move infinitely far away from one another. In reality MACD tends to come back to zero relatively soon.