## MACD Formula: 2 Lines

MACD charts consist of two lines: MACD Line and Signal Line.

## MACD Line Formula

**MACD Line = Short EMA – Long EMA**

**Short EMA** = exponential moving average of closing price with a shorter period length

**Long EMA** = exponential moving average of closing price with a longer period length

## Signal Line Formula

**Signal Line = exponential moving average of MACD Line**