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The macd on btcusd.This is a time to be very careful, already having a ready strategy on the possible scenarios that will arise. The price has been gravitating around the previous ath for days, this could mean that the test of the highs could last a while, if we then look at the macd, a slowdown is evident which could indicate an ongoing short-term correction. So far it is going well and the movements seem harmonious most of the time, with intraday corrections that often do not reach the minimums, remaining with an ascending sequence of highs and lows. The strength of the bulls is still very high, my hypothesis is that the buyers cannot give their all in these moments, trying to snatch better prices, the orders in the books become slightly smaller placed at the lower levels. The market is at a crucial moment, with the halving approaching, the situation could suddenly heat up after the monthly close.
BITSTAMP:BTCUSD
by Melupira89
The macd on the btcusd daily.Correction in progress, macd reporting a new cycle but we knew this well. Now the thing to do is to wait and understand how long this correction will last, because there are still many buyers. The indicator here is drawing a high and agrees with the price, a signal that the bullish trend is very strong, this is in addition to the other bullish signals we have on btc, including the sequence of highs and lows on intermediate period and time, because by drawing the maximum at 73k usd, the price canceled the previous short-term correction made between December and January. I remind you that it is not enough to have a sequence of ascending highs and lows, but it is also necessary for the price to remain upwards for longer than downwards.
BITSTAMP:BTCUSD
by Melupira89
The macd on btcusd.With the explosion of the rise that broke the old highs relating to the intermediate period, the price proves to have reliable bullish strength. The Macd highlights that with this crossing, between the signal line and its moving average above the zero line, the short-term correction could be over, therefore a resumption of the upward path again in the intermediate period. I remember that this macd is configured for an intermediate period therefore from 3 months upwards, which is why it is slower to give the signal, but excludes false signals.
BITSTAMP:BTCUSD
by Melupira89
Quick tip: Add a signal line to your indicator, no coding!Want to make your RSI smoother and easier to track and follow its signals? You can add a moving average signal line to it. Let me share how to do this quickly without coding. This is a very neat and easy trick you can do - thanks to TradingView :) - using the feature "Indicator-on-indicator" Quick Steps: add RSI to your chart if its not already there, hover on the RSI indicator label, click the "..." ellipsis, choose the option to "Add Indicator/Strategy on RSI" - it will be the second command from the top on the shortcut menu, and choose your favorite moving average from the indicator library - adjust the MA settings to your preference - and you're done! No coding needed. maybe, like me, you are experimenting with my recently-published RSS_WMA - aka the Lazy Line 😎 - will add a link below - you can add it to your RSI like i did in the example chart above. The RSI with the new signal line looks a lot easier to use and trade on, right? The MA Line not only makes RSI more visually appealing, but also makes it easy to follow the RSI movements into OB/OS zones, or crossing the middle line. for "visual folks" like me, this is an improvement that makes a big difference in my trading. * You can use this same trick with any other indicator / combo of indicators - that would make sense to combine with this approach - in your charts. Get creative. * Indicator-on-Indicator is an awesome feature - just wanted to share a quick reminder of this trick, as i also forget about it most of the time. * for more details, there's a comprehensive guide to this feature in TradingView's Help Center www.tradingview.com trade safely and good luck!
NASDAQ:QQQEducation
by RedKTrader
15
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average (EMA) less the 26-day EMA. Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA, the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by ShawnMCR
2
Moving Averages Crossover Masterclass Part 1Moving Average Convergence Divergence (MACD) Created by Gerald Appel It was designed in order to reveal changes in the direction, strength, momentum, and duration of a trend in a stock’s price It is a trend-following momentum indicator which shows the relationship between two moving averages of a stock’s price As the name suggests, MACD is all about the convergence and divergence of two moving averages Convergence occurs when the moving averages move towards each other while Divergence occurs when the moving averages move away from each other Three main components of MACD Calculation: MACD line, Signal line, and MACD Histogram MACD line – Calculated by subtracting 26-day EMA (Exponential Moving Average) from 12-day EMA. Exponential Moving Average (EMA) is a type of moving average which places a greater weightage on the recent data points when compared to the past data points, making it react more significantly than a simple moving average. Signal line – 9-day EMA of the MACD line is called the signal line Histogram – Histogram is the graphical distance between MACD and the signal line, height used to assess how strong the price is moving in the given direction There are three main parameters of MACD as a whole: Look-back period of long term EMA to be formulated for MACD Look-back period of short term EMA to be formulated for MACD Look-back period of EMA to be formulated for signal line calculation There are many ways MACD can be used to formulate trading strategy, out of which we will be discussing two in this post: 1. Centerline Crossover Centerline: Zero lines above and below which the MACD line oscillates, diving the canvas in bullish and bearish regions Bullish Crossover when MACD line moves above zero i.e. 12-EMA crosses up 26-EMA Bearish Crossover when MACD line moves below zero i.e. 12-EMA crosses down 26-EMA Signal Generation BUY when MACD crosses up 0 while SELL when MACD crosses down 0 2. Signal line crossover The signal line is 9-day EMA of MACD that means it trails the MACD thereby indicating momentum changes in convergence-divergence Bullish crossover when MACD turns up and crosses above the signal line Bearish crossover when MACD turns down and crosses below the signal line Signal Generation BUY when MACD crosses up the signal line and SELL when MACD crosses down the signal line A lot more interesting things can be done using MACD, about which we'll be talking in the next Masterclass on MACD. STAY TUNED! ---------------------------------------------------------------------------------------- Your questions and comments are most welcome. If you find the post useful, please like, share, and follow to make sure that you get more information once published. - Mudrex
BITSTAMP:ETHUSDEducation
by Mudrex
21
BTCUSD > Weak Close on Weekly Chart!!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #BTCUSD Prices were not able to close above weekly trend line resistance and we could see further weakness from here to 8000 and maybe 7000 later, will be monitoring the price action for a chance to sell Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
BITSTAMP:BTCUSDShort
by TheTradersAvenue
6
BTCUSD 1D Heikin, RSI and MACD - Dec 17th, 2018This chart uses Heikin Ashi Candlesticks with CM TrendBars (21D), EMAs (9,15,21,55), RSI (13D, 80/20 ranges) and a MACD indicator. The Heikin Ashi candlesticks are a different type of candlestick pattern, meaning ‘average bar’ in Japanese, which reduce underlying noise and produce a smoother looking candlestick pattern. The ‘smoother’ candlestick patterns is because Heikin Ashi takes the price bar and averages out the prices, vs the traditional candlestick that simply uses the high and low of the session. As a result, it helps reduce false signals and therefore a Heikin Ashi chart tends to be more red in a downtrend than traditional chart styles. The candlestick pattern continues it's bearish trend, with no green candles since the 13th of November. We are seeing a tightening of the candle bodies over the last week, with spinning tops on 5 of the last 8 days. While the other three days were 'hanging' men candles with reasonably large bodies. This indicates indecision in the market, and consolidation, around the closest level of resistance, the 3285 print level. Today, with 3 hrs to go, could post the 1st green candle in 2 weeks but the day's has not yet closed. The RSI (Relative Strength Indicator) is a momentum oscillator that measures the speed and change of price movements. Once we have identified a trend in the market we can use the RSI to identify how strong that trend is (will it continue or reverse). I set the outliers at 80/20, that is below 20 it is oversold and above 80 it is overbought. Because we are in a long term downtrend, it is worth noting that the RSI will be in the under 20 more than above 80, and that I should consider 10 or below as a more reliable oversold signal. The RSI has remained below 30 since the 14th of November, and has hovered around the 20 area since the 28th of November (3 weeks). A minor point worth noting is that it has touched the 20 line three times since the 28th of November crossover and basically remained above 20. Over the same period the price range has continued to contract and remain in a tightening band. If we see the RSI break above 30 and head towards 65, this could indicate a trend change and a bullish signal. Until then, we really cannot make any trading positions on the current weak divergence. The MACD (Moving Average Convergence Divergence) is a trend following momentum indicator that shows the relationships between 2 MA's, the MACD (26-12 day MA) and the Signal line (9D). As we can safely assume that the two MA will move towards an equilibrium over time, we can make assertions about price in several key ways including crossovers, divergences between the two MAs, and divergence between the MACD and the price. The MACD Histogram = MACD - Signal Line, and it is simply a more visible indication of the difference between the true. The MACD Histogram is visually the clearest signal to read, and it provides the earliest indication of a possible trend change. Since the 26th of November it turned more bullish, crossing the 'zero' line on 2nd of December. It weakened from the 6-9th, but then returned to a more bullish trend. We saw the MACD cross over the Signal line on the 2nd of December, and as above touch it again on the 8th, before continuing it's bullish trend (although relatively weak) up until today. As the price has continued down since the 26th this is a clear divergence from the MACD and it indicates a lack of bearish strength and a possible price retracement/reversal in the future. If the market posts a green candle by the end of the day, this would add further confluence to the probability of a change in trend.
BITFINEX:BTCUSD
by CarbiArbittrage