MACD Scans

What Is the Moving Average Convergence/Divergence?

The short form of Moving Average Convergence/Divergence is MACD and developed by Gerald Appel in the former seventies. MACD is the most commonly used momentum indicator because of its simplicity and wide-ranging success. 

The MACD rolls two trend-following indicators, moving averages into a momentum oscillator by deducting the longer moving average from the shorter one. Therefore, this indicator provides the best of both worlds: trend following and momentum. 

The longer moving average is the 26-day exponential moving average and the shorter moving average is the 12-day exponential moving average. The value of MACD may be useful, but mostly utilizes the  MACD incorporated recognized as the MACD signal line. 

That's a 9-day exponential moving average of the MACD Value. When the MACD meets above or below the signal line, it is frequently taken as a buy or sell signal. Check what are MACD Scans and how to calculate them with other information below. 

What is MACD Scans - End of Day?

MACD Scans is an online free indicator or screener that measures the trend change over long timeframes. If the stock's MCAD line crosses above the signal line, it is a bullish signal and in an uptrend. If the line crosses oppositely then it is a bearish signal and in a downtrend. 

How To Calculate MCAD?

For calculating the MCAD line, you have to subtract the 12-day EMA from the 26-day EMA. The signal line is nothing but the 9-day EMA of the MACD line. Finally, the MACD Histogram presents the difference between the MACD line and the signal line. 

When the MACD line is above its signal line then this histogram is positive, when it is below the signal line then it is negative. Hence, the EMA values of 9 12 26 are used with the MACD, and the other values of EMA may be changed based on the styles of trading and objectives. 

Do Refer To The Similar Guides: 

• EMA 9 12 26 Screener
• Moving Average Crossover Screener
• MIDCPNIFTY Pivot Point Calculator

What is included in MACD EOD Scans of Paisa Algo? 

In the Eod scans indicators, the MACD scans are the best indicator to determine the stocks list where the MACD line crosses above or below the signal line.

You can witness the list of data with columns like Symbol, LTP, MACD Value, and MACD after tapping on the required options from MACD Cross Above & MACD Cross Below.

Here, MACD Cross Above options display the stocks in which the MACD line crosses above the signal line and MACD Cross Below means the stocks which have crossed below the signal line. 

How To Choose MACD Stocks with Paisaalgo.com's MACD Scans? 

MACD Scan is an easy and simple approach to detect the stocks where the MACD line crosses above or below the signal line. 

• Using our indicator is quite easy, simply find the tool from our site.
• Click on the tool and select the stock option as All. 
• After that, you will see all the stocks with LTP, MACD Value, and MACD results.
• For particular stocks that cross above the signal line can be found by pressing the MACD Cross Above button which is located above the table. 
• For choosing the MACD stocks, firstly, you have to determine the stocks in which the MACD crossover is in progress with the signal line. 
• In that stock, when the line crosses above then it is a bullish trend where you can buy near support levels. 
• If the line crosses below then it is a bearish trend where you can sell near resistance levels. 

FAQs On MACD Indicator - How To Use? 

1. What is MACD used for? 

The MACD is used for technical analysis of stock prices. Gerald Appel introduced this trading indicator to show changes in the strength, momentum, direction, and duration of a trend in a stock's price. 

2. Which MACD value is best?

The best MACD value is 5,13,1, it obtains a visual representation of the patterns of MACD. These patterns are helpful in different trading systems and strategies. 

3. Do professional traders use MACD?

Yes, Moving average convergence divergence (MACD) is used by professional traders across the world as it was named for its simplicity and flexibility. Also, MACD is utilized as a trend or momentum indicator or signal opportunities to enter and exit positions.