Feeling like a fish out of water in the world of crypto trading ? Learn how to use the MACD indicator to make sense of those squiggly lines! With so many indicators to choose from, it can be difficult to figure out what is right for you. On the agenda for this article is the MACD indicator that has managed to gain significant popularity in the trading industry. Gerald Appel developed MACD in 1979 as a trend-following indicator to determine the momentum of an asset.
It is based on price action that has already happened and is, therefore, considered a lagging indicator. Nevertheless, traders find it useful to study both the strength of a trend and its direction – even using it to determine potential trade entries and exits. As the name of the indicator suggests, the moving average convergence divergence indicator uses multiple moving averages to generate its output. Before we dive into the technicals of the MACD indicator, let us briefly look back at what A moving average (MA) is a technical indicator that shows the average price of a predetermined number of candles
MACD Indicator Crypto Trading Trend-Following Momentum Moving Averages
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