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[1] Moving Average Convergence/Divergence Oscillator (MACD) is a well known trading strategy which uses a long term EMA(LTEMA) and a shorter term EMA(STEMA). MACD is a trend line which is calculated by deducting LTEMA from STEMA. MACD = STEMA - LTEMA.
[2] This indicator helps to clearly see the long term and short term momentum in the market. It consists of a zero line (centreline), MACD and a signal line. When MACD is < 0, then crosses 0, it means that the STEMA was below the LTEMA and is rising above it.
[3] The crossover point between them is the point where MACD is 0 and should be a buying signal (logic discussed yesterday). An MACD above the zero line means that the price is in an upward momentum. Conversely, when MACD is above 0 then becomes negative, it is a selling signal.
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