MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices.

1.  Technical analysis indicator

2.  MACD was developed by Gerald Appel in the late seventies, MACD
indicator is one of the simplest and most effective momentum indicators
available.
 MACD is a trend-following momentum indicator that shows the
relationship between two moving averages of prices.
 The MACD is calculated by subtracting the 26-day exponential moving
average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called
the "signal line", is then plotted on top of the MACD, functioning as a
trigger for buy and sell signals.

3.  MACD = (12-day EMA - 26-day EMA)
 Signal Line = 9-day EMA of MACD Line
 MACD Histogram = MACD Line - Signal Line

4.  MACD can be used to find buying and selling opportunities during live
market sessions.

6.  Please visit www.nsedata.com for more details.