TLDR
Moving average convergence divergence indicator (MACD) refers to a momentum oscillator used for a trend following trading strategy. Invented by Gerald Appel 1979, MACD can help investors calculate the direction, length, strength and momentum of a given asset’s price. The MACD line is calculated by subtracting the 26-period EMA (exponential moving average) from the 12-month EMA. The signal line, on the other hand, is just a 9 period EMA line.via the TL;DR App
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