MACD Moving Average Convergence Divergence

Hi Rajesh
What you are doing is calculating simple moving average. What you need to do is calculate Exponential moving average. I have forgotten how to calculate this ema manually as Amibroker or Metastock does it automatically and charts it.
I think you shd start using charting s/w like Amibroker if you are not doing it already.

Do let me know i fyou need any further help.

Download host of excel spreadsheets from:

http://www.futuresmag.com/downloads/sections/xl.html

Thanks Tan,

I use Indiabulls to buy and sell shares online. They have a Meta Stock software where I can use MACD and many more things. The problem is that I dont how to use it.

Can u tell me how to use those imp things.

Thanks
Raj

AMTEK INDIA
Price made a new low on 20/2/06 but macd and rsi did not make anew low.
Good example of +ve divergence.
If Amtek india closes abv 100.8 on 22/2/06 then macd will give a buy signal.

Amtek india makes a good move today. tgts shd be 111/116.
This was alerted when there was +ve divergences.
see chart for divergences
Green for +ve and Pink for -ve.

Amtek India makes a good move after showing +ve divergence.
Short term Tgts shd be 111/116
See chart
Green bars for +ve divergence
Pink bars for -ve divergence