What is zero line in MACD?

I undersatnd the meaning of MACD, MA, sort of stuff, but what is the meaning of the zeron line. Does it mean that on t hat line, the difference of 26 MA and 12 day MA is zero?

 

Yes.

 

that's the "C" in MACD.

 

Thanks.

 

If you are interested in a basic summary of other indicators, look here:

http://www.equis.com/customer/resources/TAAZ/Default.aspx?

 

MACD basics from Wiki
http://en.wikipedia.org/wiki/MACD

and Oands
http://fxtrade.oanda.com/help/indicators.shtml