What assets work best with MACD?

MACD works best with liquid, trending assets like major stock indices, large-cap stocks, major forex pairs, and commodities such as gold and oil.

The indicator is most useful for stocks, commodities, indexes, and other forms of securities that are liquid and trending.

Originally designed for stock market analysis, it has proven to be effective in other markets, with traders actively using MACD on currency pairs, precious metals, energy, stocks, futures, and even cryptocurrencies. MACD struggles in range-bound markets and thinly traded names, where whipsaws dominate.