MACD Explained

EWI does a good job of explaining MACD, highlighting the importance of divergence and the 'zero+' and 'zero-' conditions I often note.  Using a simple candlestick or OHLC price chart alone is not enough.  It is in the divergences to MACD, support, resistance and divergence w/ RSI and several other of what I call the 'panel' indicators that give a leg up.  These oscillators and indicators paint in additional reference points that are important.

Momentum Analysis Using MACD

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