$FIL 4-hour MACD forms a bullish crossover below the zero line, with opposing histogram bars persisting for 15 bars before the crossover.
A beginner’s soul-searching question: What exactly does MACD calculate?
The same MACD settings can mean quite different things on different timeframes: crossovers occur frequently on shorter timeframes and less often on longer ones, but carry greater significance.
When the fast and slow lines meet, my fingers itch to make impulsive moves. Fortunately, I first took a look at what it actually is.
Using several indicators to corroborate one another is more reliable than relying on just one, but even more indicators can’t provide a definitive conclusion.
#FIL
The above is for informational purposes only and does not constitute investment advice.
A beginner’s soul-searching question: What exactly does MACD calculate?
The same MACD settings can mean quite different things on different timeframes: crossovers occur frequently on shorter timeframes and less often on longer ones, but carry greater significance.
When the fast and slow lines meet, my fingers itch to make impulsive moves. Fortunately, I first took a look at what it actually is.
Using several indicators to corroborate one another is more reliable than relying on just one, but even more indicators can’t provide a definitive conclusion.
#FIL
The above is for informational purposes only and does not constitute investment advice.