The Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
MACD Line: (12-day EMA - 26-day EMA) Signal Line: 9-day EMA of MACD Line
MACD Histogram: MACD Line - Signal Line
MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
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