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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (7226)	12/10/1997 8:30:00 AM
From: Chandler H. Everett	Respond to of 12039

I2.......a MACD (Moving Average Convergence/Divergence) indicator is basically a longer Moving Average subtracted from a shorter one. A MACD of 5,39 is the 39 period (day, week or month) moving average of a stock price (usually the Close) subtracted from the stock price's 5 period Moving Average. It measures momentum. A 5,39,13 means that the indicator created by this subtraction methodology is looked at against IT OWN 13 period Moving Average to look for changes of direction as indicated by a cross over by the indicator of its Moving Average. Likewise, a 21,8,8 Stochastic is a 21,8 Stochastic looked at against its own 8 period Moving Average. Hope this helps. BW Chan