The MACD indicator was developed in the 1970s by Gerald Appel. It’s been an extremely popular momentum indicator for many traders and is still used today. In this article, I look at what the MACD indicator does and how effective it is on stocks.
Joe Marwood is an independent trader and investor specialising in financial market analysis and trading systems. He worked as a professional futures trader for a trading firm in London and has a passion for building mechanical trading strategies. He has been in the market since 2008 and working with Amibroker since 2011.