MACD stands for Moving Average Convergence Divergence.

The indicator is made up of 2 lines. The MACD Line (fast line) and MACD Signal Line (slow line).

When the MACD Line crosses over the MACD Signal Line, the trend is bullish. When the MACD Line crosses below the MACD Signal, the trend is bearish.

In this blog, I will provide list of Singapore Market Stocks based on
1. MACD Line crosses above MACD Signal for bullish trend.
2. MACD Line crosses below MACD Signal for bearish trend.
3. Volume traded > 100,000 shares.

Links
ADX Scanner
RSI Scanner
Trading System

Wednesday, November 18, 2009

About MACD

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

The MACD Line is computed by subtracting the 26-day exponential moving average of the closing price from the 12-day exponential moving average of the closing price.

The MACD Signal Line is simply the 9-day exponential moving average of the MACD Line. When the MACD Line falls below the MACD Signal Line, it is a bearish signal, which indicates that it may be time to sell.

Conversely, when the MACD Line rises above the MACD Signal Line, the indicator gives a bullish signal, which suggests that the price is likely to experience upward momentum.

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