A quick note: the $FIL 4-hour MACD formed a golden cross below the zero line.
People often ask what MACD means, so here’s my take.
The zero line is where DIF equals 0—that is, where the 12-period EMA and 26-period EMA are equal. When DIF is above the zero line, the short-term moving average is above the long-term moving average.
A crossover by itself is just a signal. Whether the price can break through a key support level and whether trading volume confirms it are often considered for further confirmation.
Don’t disrupt your original approach based on a single indicator, and certainly don’t use borrowed money to test a hunch.
#FIL
Be aware of the risks and make your own decisions.
People often ask what MACD means, so here’s my take.
The zero line is where DIF equals 0—that is, where the 12-period EMA and 26-period EMA are equal. When DIF is above the zero line, the short-term moving average is above the long-term moving average.
A crossover by itself is just a signal. Whether the price can break through a key support level and whether trading volume confirms it are often considered for further confirmation.
Don’t disrupt your original approach based on a single indicator, and certainly don’t use borrowed money to test a hunch.
#FIL
Be aware of the risks and make your own decisions.