The $ZEC 4-hour MACD has a bullish crossover below the zero line.
Everyone, what exactly does MACD calculate? Here’s a quick explanation👇
MACD was first introduced by Gerald Appel. Its default settings are 12, 26, and 9, and it gauges trend momentum by measuring the distance between two fast and slow EMAs.
The more consecutive histogram bars moving in the opposite direction before a crossover, the more pronounced the preceding trend was. This kind of crossover is often considered slightly more useful as a reference than one during sideways trading.
All indicators simply summarize market movements that have already happened, and the market can always move in the opposite direction.
Everyone, what exactly does MACD calculate? Here’s a quick explanation👇
MACD was first introduced by Gerald Appel. Its default settings are 12, 26, and 9, and it gauges trend momentum by measuring the distance between two fast and slow EMAs.
The more consecutive histogram bars moving in the opposite direction before a crossover, the more pronounced the preceding trend was. This kind of crossover is often considered slightly more useful as a reference than one during sideways trading.
All indicators simply summarize market movements that have already happened, and the market can always move in the opposite direction.