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Chart for .NET / User's Guide / Data Manipulation / Functions / Financial Functions / Technical Indicators / Moving Average Convergence Divergence

In This Topic
    Moving Average Convergence Divergence
    In This Topic
     Syntax

    The MACD is implemented as a composite function. The expression is:

    SUB(EMA(values;12); EMA(values;26))

     Arguments
    The 'values' argument must be an array.
     Result
    The result is an array.
     Description

    The Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that shows the relationship between two moving averages of prices. It is calculated by subtracting the value of a 26-day exponential moving average from a 12-day exponential moving average. The MACD proves most effective in wide-swinging trading markets.

    In a market which is accelerating upwards, the short moving average will rise faster than the longer moving average. This will lead to a rising MACD.

    In a market which is accelerating downwards, the short moving average will fall faster than the longer moving average. This will lead to a falling MACD.

    The MACD was developed by Gerald Appel.

     Related Examples
    Windows Forms: All Examples\Data Manipulation\Functions\Financial\Technical Price Indicators