How can I calculate MACD for cryptocurrency trading?

Trisztán FarkasDec 17, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I've heard about MACD. Can someone explain how to calculate MACD for cryptocurrency trading in a simple way?

How can I calculate MACD for cryptocurrency trading?

1 answers

Dec 17, 2021 · 3 years ago
Calculating MACD for cryptocurrency trading is quite straightforward. First, subtract the 26-day EMA from the 12-day EMA to get the MACD line. Then, calculate the 9-day EMA of the MACD line to create the signal line. When the MACD line crosses above the signal line, it suggests a bullish trend, and when it crosses below, it suggests a bearish trend. MACD is a widely used indicator in cryptocurrency trading, but it's important to consider other factors and indicators for a comprehensive analysis.

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