Moving Average Convergence Divergence (MACD) is a technical indicator that helps investors identify price trends and potential trade reversals. It's calculated by subtracting a security's 26-day exponential moving average (EMA) from its 12-day EMA
Components of MACD:
- MACD Line - the fastest moving average (short-term EMA) : Blue line
- Signal Line - the slowest moving average (long-term EMA) : Orange line
- MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished.
- Dashed line is Zero line
From the above chart we can see:
1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish
2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum
3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum
Price on 22-04-2024 : 231
Price on 20-06-2024 : 333
It gave 44% returns in less than 2 month
Please do hit like if you learnt from this post.
Components of MACD:
- MACD Line - the fastest moving average (short-term EMA) : Blue line
- Signal Line - the slowest moving average (long-term EMA) : Orange line
- MACD Histogram - swings above and below a zero line, allowing bullish and bearish momentum readings to be distinguished.
- Dashed line is Zero line
From the above chart we can see:
1) On 28-03-2024 blue line crossed orange line below the zero line indicating trend reversal from bearish to bullish
2) On 22-04-2024 blue line was just above orange line and both are above zero line indicating bullish momentum
3) On 20-06-2024 blue line crossing orange line from above indicating end of bullish momentum
Price on 22-04-2024 : 231
Price on 20-06-2024 : 333
It gave 44% returns in less than 2 month
Please do hit like if you learnt from this post.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.