Technical Notes | $BTW | 4-hour MACD | Golden cross above the zero line
First, the definition: The height of each histogram bar represents the gap between DIF and DEA. Bars getting longer indicate that momentum in the current direction is increasing; shorter bars indicate that it is weakening.
Next, how to read it: MACD is better suited to identifying direction in trending markets than to pinpointing exact tops and bottoms.
Before taking a leveraged position, first consider whether you can withstand the worst-case outcome, then look at what the signals are saying.
First, the definition: The height of each histogram bar represents the gap between DIF and DEA. Bars getting longer indicate that momentum in the current direction is increasing; shorter bars indicate that it is weakening.
Next, how to read it: MACD is better suited to identifying direction in trending markets than to pinpointing exact tops and bottoms.
Before taking a leveraged position, first consider whether you can withstand the worst-case outcome, then look at what the signals are saying.