One of the more popular technical analyses used by traders today is the MACD Indicator (Moving Average Convergence-Divergence). Developed by Gerald Apple in the 1970s, it shows the relationship (aka MACD line) between the longer term 26-day Exponential Moving Average (EMA) and the shorter term 12-day EMA. An Average line is then created by calculating a 9-day EMA from the result of the MACD line. When the Average line crosses over the MACD line, this positive divergence creates a bullish crossover Buy signal and similarly when the Average line crosses below the MACD line this negative divergence is considered a bearish crossover Sell signal.

Understanding how to read the Buy and Sell signals can help a trader better identify entry and exit points. And what better way to do that than with Barchart's daily "eMACD New Buy Signal" page? It's a great tool to find new trading ideas, featuring large cap stocks where the 12-26-9 Day eMACD Indicator has identified a new bullish crossover Buy signal for today.

Join with John Rowland, Barchart's Head of Trading Education, as he breaks down the math behind the MACD Oscillator. John will discuss how the MACD Oscillator can be used both for entry possibilities, and to alert traders of potential divergences between momentum and trends.

John will also demonstrate how to use Barchart's "eMACD Buy Signal" page into your daily routine. This page highlights trading ideas that can help you identify stocks.

Inside the webinar, you will learn about

• The difference between exponential and simple moving averages
• The relationship between the MACD and the Signal line
• The power of positive and negative divergence
• The importance of multiple time frame analysis
• Other technical indicators that can help to filter down MACD candidates