Moving Average Convergence Divergence MACD

The MACD is used to determine overbought or oversold conditions in the commodity futures market. Written for stocks and stock indices, MACD can is used for commodity and futures. The MACD line is the difference between the long and short exponential moving averages of the chosen item. The signal line is an exponential moving average of the MACD line. Signals are generated by the relationship of the two lines. As with RSI and Stochastics, divergences between the MACD and prices may indicate an upcoming trend reversal.

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