Börsenlexikon: MACD

The MACD (Moving Average Convergence/Divergence) indicator is a trend-following market technique tool. The indicator was introduced in 1979 by Gerald Appel and is often used because of its versatility. The MACD is calculated from the difference between two exponential moving averages. For analysis, it is usually used in conjunction with a signal line (trigger). A positive MACD indicates an upward trend, a negative MACD a downward trend. The distance of the MACD from its zero line indicates the strength of the trend. As the distance increases, the strength of the trend increases. If the distance between the signal line and the MACD increases, the trend strengthens; if the distance decreases, the trend weakens.