The MACD (Moving Average Convergence Divergence) is a momentum indicator developed by Gerald Appel in the late 1970s that shows the relationship between two moving averages of prices. It is calculated by subtracting the 26-day EMA from the 12-day EMA, with a nine-day EMA of the MACD serving as the signal line to generate buy and sell signals. The MACD histogram is derived by subtracting the signal line from the MACD line, helping traders identify market opportunities.

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.