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Chart and Market Indicators Chart and Market indicators used in conjunction with price charts, help the trader determine potential short term tops and bottoms in the market as well as the relative strength of price moves. Only the more common indicators will be discussed here. Check out Equis technical Glossaryfor a detailed listing and glossary of indicators. Chart Indicators Page construction in progress MACD: The Moving Average Convergence Divergence (MACD), developed by George Appel, is a widely used lagging indicator showing investor sentiment in a stock. The MACD is calculated by subtracting the 26 Day EMA from the 12 Day EMA which is often refered to as the fast line. On top of the MACD a 9 day EMA of the MACD is usually added as a trigger, and is refered as the slow or smoothed line. A histogram may also be added which is the difference of the fast line (MACD) and the slow line (9 day EMA of MACD). This MACD is catagorized as 12-26-9, and many sites on the web allow user defined time variables (i.e Askresearch recomends use of an 8-17-9 MACD to time position entries and a 12-25-9 to time exits). There are two common uses of the MACD for market timing; divergences and crossovers. Divergence: A divergence occurs when the MACD is trending in one direction while the equity price trends in another. Look for divergences with the slow (9 dema smoothed) MACD and MACD histogram with price trend for entry and exit signals. Divergences usually imply that a trend change is near. Cross over: A cross over occurs when the MACD fast and slow line intersect. If the fast line interesects from below it's bullish, from above bearish. The closer the crossover occurs to the centerline the more significant the event. MACD by Arthur Hill Links IQC Technical Glossary Another Indicator Glossary Equity Analytics Inc Technical Indicator Tutorial Centrex.com Indicator Glossary Yet another T/A indicator Glossary Charthelp.com Requires a free subscription to their site Put/Call Ratio Put/Call Ratio for Options and other option market stats Capitalstool.com Offbeat look at technical analysis, stock charts, financial news and comment. In these shaky markets, you need good tools, and a good stool, every day. Not just the same old bull. Interperting Technical Indicators Detailed definition, history and rationale, and proper identification of the most common technical indicators. Technical Analysis 101 Technical analysis topics begin with basic concepts and progress to more advanced studies topics, and include information on creating your own unique studies. Equis Indicator Reference A very detailed reference on technical indicators. Explains methods to compute various indicators and their proper use Stock Chart Indicator Glossary A really detailed glossary for technical indicators Ask Research Indicator Glossary AskResearch indicator glossary, Includes RSI,OBV,STOCH,MACD etc. The Financial Ad Trader The Financial Ad Trader