$Lobster: On the 4-hour chart, the MACD made a bearish crossover below the zero line, after 8 consecutive countertrend histogram bars.
Everyone, what exactly does the MACD calculate? Here’s the short version👇
The same MACD settings mean different things on different timeframes: crossovers happen more often on the 4-hour chart and less often on the daily chart, but they carry more weight on the daily chart.
The histogram bars usually start shrinking before a crossover. Some traders use this contraction as an early sign of changing momentum, but it’s also more prone to giving false signals.
It’s safer to look for confirmation from multiple data points than to rely on just one, but no number of signals can give you a definite answer.
#龙虾
Everyone, what exactly does the MACD calculate? Here’s the short version👇
The same MACD settings mean different things on different timeframes: crossovers happen more often on the 4-hour chart and less often on the daily chart, but they carry more weight on the daily chart.
The histogram bars usually start shrinking before a crossover. Some traders use this contraction as an early sign of changing momentum, but it’s also more prone to giving false signals.
It’s safer to look for confirmation from multiple data points than to rely on just one, but no number of signals can give you a definite answer.
#龙虾