
One of my favorite Barchart screeners is the eMACD New Buy Signal. This screener highlights new bullish crossover “Buy” signals based on the 12-26-9 Day eMACD indicator.
The MACD indicator is a momentum oscillator that identifies when short-term momentum shifts to the positive and overtakes the longer-term momentum. Under the right conditions and in the right set-up, this signal can alert a trader to the early stages of a new uptrend.