$CT 4 hours MACD forms a golden cross below the zero line.
Since this number came up, let's talk about MACD.
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, the price has usually already moved a bit.
The more bars continue in the opposite direction before the crossover, the clearer the preceding trend is. This crossover is often considered a little more informative than one that occurs in choppy conditions.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
I can be wrong too, so make your own judgment.
Since this number came up, let's talk about MACD.
MACD is derived from moving averages, so it naturally lags: by the time a crossover appears, the price has usually already moved a bit.
The more bars continue in the opposite direction before the crossover, the clearer the preceding trend is. This crossover is often considered a little more informative than one that occurs in choppy conditions.
Calculating your position size based on where you place your stop-loss is much more reliable than just guessing.
I can be wrong too, so make your own judgment.