The Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most #effective_momentum_indicators available. The #MACD turns two trend-following indicators, #moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. The #MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for #signal_line_crossovers, #centerline_crossovers and #divergences to generate signals.
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