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Answer:
The MACD is an oscillator which uses the difference between moving averages to reflect the acceleration in downward or upward momentum. Divergence is tracked in pretty much the same way as in your usual RSI or stochastic oscillator... which means you check take note of the divergence from the prices. A bullish divergence occurs when the MACD is (a) making higher lows but the price is making lower lows, or (b) making lower lows but the price is making higher lows. A bearish divergence takes place when the MACD is (a) making higher highs but the price is showing lower highs, or (b) making lower highs with the price drawing higher highs. If you're wondering what the histogram is for, it's used to anticipate MACD crossovers - which can be bullish or bearish signals just like your usual MA or EMA crossovers.
