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MACD

technical analysis
Definition
Moving Average Convergence Divergence — a trend-following momentum indicator showing the relationship between two moving averages.

Explanation

MACD is calculated by subtracting the 26-period EMA from the 12-period EMA. The result is the MACD line. A 9-period EMA of the MACD line is the signal line. Buy signals occur when the MACD crosses above the signal line; sell signals when it crosses below. The MACD histogram visualizes the distance between the MACD and signal lines. MACD works best in trending markets but generates false signals in ranging conditions. It's one of the most widely used technical indicators by both retail and institutional traders.

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