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Signal line (MACD)

The signal line is the 9-period exponential moving average of the MACD line, whose crossovers with it serve as buy or sell signals.

The MACD is made of two lines: the MACD line itself (the difference between the 12-period and 26-period EMAs of price) and the signal line, which is the 9-period exponential moving average of the MACD line. By smoothing the MACD, the signal line filters out its jitters: it reacts with a slight lag, which helps distinguish a genuine momentum inflection from a mere wobble.

MACD / signal crossovers

The classic signal is the crossover: when the MACD line moves above the signal line, momentum is improving (bullish reading); when it drops below, momentum is deteriorating (bearish reading). Crossovers occurring far from the zero line, after an already extended move, are considered weaker than those happening near zero. In Screener.Trading, a screener rule can detect the MACD line crossing above its signal line, and an automated scan can e-mail you every time a new occurrence appears at candle close.

In a trendless market, MACD/signal crossovers multiply and lose reliability: add a trend filter (for example price above a long moving average) before acting on them.

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