The MACD indicator is a momentum trend indicator that shows the trend between two moving averages (MA) of prices and is considered one of the most widely used technical indicators in technical analysis of cryptocurrencies, stocks and all financial markets.
Although the #MACD indicator is often referred to as a trend indicator or even a trend oscillator, it is an indecision indicator and these averages in it are not visible because the MACD indicator is based on the readings of two moving averages placed directly on the chart i.e. the chart located with MACD.
There is an important thing to improve the efficiency of trading in various financial markets since the MACD indicator itself is an oscillator. Other indicators can be used with the MACD and the second tool is ideal for determining the trend indicator and the simplest and most effective is to use the MA indicator.
The MACD indicator can be very useful in technical analysis of cryptocurrency trading but it is ineffective when used with two or three indicators without other tools. The MACD indicator creates a system with precise proportions of correct and incorrect entries in the currency and financial markets and provides profitable trading for traders committed to this strategy. .