Analysis Of Moving Average — Convergence Divergen...

: If the fast line moved away from the slow one, momentum was "diverging" (getting stronger). If they pulled together, they were "converging" (weakening). The Missing Piece: Thomas Aspray and the Histogram (1986) What Is MACD? - Investopedia

: Appel experimented with combining two exponential moving averages (EMAs) —one fast (12-period) and one slow (26-period). Analysis of Moving Average Convergence Divergen...

In the late 1970s, , a technical analyst and financial advisor, was looking for a way to cut through the "noise" of daily market fluctuations. He wanted to see the underlying trend without being distracted by minor price wiggles. : If the fast line moved away from

: By subtracting the slow average from the fast one, he created the MACD Line . This single line revealed the "speed" of price movement. a technical analyst and financial advisor