The second part explores how market technicians use MACD to make better trading decisions.Īn MACD chart consists of three elements. This part offers a step-by-step guide to calculating and charting MACD in Excel. This article is the first of a two-part series. The Moving Average Convergence Divergence (or MACD) indicator is a powerful momentum-based trading indicator. Learn how to calculate and plot MACD in Excel, and start making better trading decisions.
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