$BTW 4-hour MACD formed a golden cross above the zero line, after 14 consecutive bars in the opposite direction before the crossover.
Guys, what exactly is MACD calculating? Here’s the explanation in a few sentences 👇
The same MACD settings can mean quite different things on different timeframes: crossovers happen more often on the 4-hour chart, and less often on higher timeframes—but they carry more weight.
In choppy markets, DIF and DEA tend to get tangled up, with golden and death crosses appearing frequently. These crossovers have limited significance.
Reading indicators isn’t hard. The hard part is sticking to your plan when the market gets most exciting.
#BTW
Guys, what exactly is MACD calculating? Here’s the explanation in a few sentences 👇
The same MACD settings can mean quite different things on different timeframes: crossovers happen more often on the 4-hour chart, and less often on higher timeframes—but they carry more weight.
In choppy markets, DIF and DEA tend to get tangled up, with golden and death crosses appearing frequently. These crossovers have limited significance.
Reading indicators isn’t hard. The hard part is sticking to your plan when the market gets most exciting.
#BTW