Market Notes｜$DOGE ｜4-hour MACD｜Bullish crossover below the zero line
First, the definition: MACD was originally developed by Gerald Appel. Its default settings are 12, 26, and 9, and it measures price momentum by the distance between two fast and slow EMAs.
How to read it: The histogram bars often start to shrink before a crossover appears. Some traders use this contraction as an early signal of a momentum shift, though it tends to give false signals more often.
It’s far more reliable to size your position based on where you place your stop-loss than to trade on a whim.
First, the definition: MACD was originally developed by Gerald Appel. Its default settings are 12, 26, and 9, and it measures price momentum by the distance between two fast and slow EMAs.
How to read it: The histogram bars often start to shrink before a crossover appears. Some traders use this contraction as an early signal of a momentum shift, though it tends to give false signals more often.
It’s far more reliable to size your position based on where you place your stop-loss than to trade on a whim.
