# Moving Average Convergence Divergence (MACD) MACD: fast EMA minus slow EMA, its signal line and the histogram between them, a trend-following momentum indicator. ## How to read it - MACD crossing above the signal line is bullish, below it bearish. - The histogram shows the gap between MACD and signal; shrinking bars mean momentum is fading. - Crosses of the zero line show the fast EMA moving above or below the slow EMA. ## Key settings - Fast 12, slow 26, signal 9, source close. ## Good to know - Drawn in its own pane below the chart.