MACD momentum Part 1 by Thomas Aspray
ARTICLE SYNOPSIS ...MACD momentum
by Thomas Aspray
In the fall of 1986, I completed work on a new indicator: the MACD Histogram/Momentum. As many
of you are already aware, the MACD, or Convergence/Divergence, is an excellent indicator, but its
signals often lag when run on weekly data. Convergence/Divergence was developed by Gerald Appel,
who has created many excellent technical tools. I first presented my work on the MACD at a CompuTrac
conference in 1984. At that time, very few analysts were aware of it, much less using it on the commodity
markets. Now it is a widely used technical tool.
I have done so...