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Value Line Weekly MACD Indicator
Description | Calculation | Strategy | View Chart
Time Frame: Long
Category:
Momentum
Gerald Appel's Moving Average Convergence Divergence indicator (MACD) is the difference between a fast exponential moving average (EMA) and a slow exponential moving average. When measured on a weekly basis, this indicator illustrates the strength of the of the market's long-term trend.
Calculation & Significant Levels
Value Line Weekly MACD: The indicator is the difference between the MACD and a 9-week exponential moving average of the MACD. The MACD is difference between a 12 and 26-week exponential moving average of the Value Line Geometric Index. A positive result is bullish, and a negative result is bearish.
Formula:
MACD = (12-week EMA of Value Line) - (26-week EMA of Value Line)
Value Line Weekly MACD indicator = (MACD) - (9-week EMA of the MACD)Gauge Elements: Magnitude
Updated: Weekly (as of Friday close)
The Moving Average Convergence Divergence Indicator (MACD) has been applied to the Value Line Index to illustrate the strength of the broad market's long-term trend. When this indicator is positive the market's momentum is up. A negative value indicates the broad momentum is down. This indicator, along with the Value Line 5% Swing Model, can serve as a useful gauge for keeping short-term price swings in perspective relative to the strength of the longer-term trend.
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