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Moving Average Convergence/Divergence (MACD) Indicator

There are two moving averages that make up MACD, the 12-day EMA is the faster and the 26-day EMA is the slower.  Any price series can be used to form the moving averages, although the closing series is preferred.  Usually, a 9-day EMA of MACD is plotted along side to act as a trigger line.  A bullish crossover occurs when MACD moves above its 9-day EMA and a bearish crossover occurs when MACD moves below its 9-day EMA.

See Also

Moving Average Convergence/Divergence (MACD) Indicator Developer Help

Exponetial Moving Average (EMA) Indicator

Double Exponential Moving Average (DEMA) Indicator

Triple Exponential Moving Average (TEMA) Indicator