Sentences with phrase «macd double»

Not exact matches

All it is saying is that there is a double divergence — in this case: hook 1 = higher MACD buy signal @ lower price, and hook 2 = lower MACD buy signal @ higher price.

Now, we don't even know if the term «double hook MACD buy signal» officially exists in any technical analysis manuals, as we basically made it up a while ago.

If the MACD is making higher lows while price is forming your double bottom, the pattern is usually stronger.

Starting from the left, price made lower lows while the MACD line made a double bottom.

I'm simply talking about combining MACD divergence with the double top candlestick signal.

It's not necessary to wait for MACD divergence to trade a double top pattern.

In the correct context, a double top only appears at the end of an uptrend, making it a perfect candidate for a MACD divergence play.

one can use Donchian breakouts, Channel breakouts including standard deviation breakouts, moving average concepts ranging from double to triple moving averages, macd systems as well as Stochastic concepts.

When your double top coincides with lower highs on the MACD histogram or signal line, the double top will typically be a stronger pattern.

So when a double top and MACD divergence coincide, the signal is typically a strong one, which is what I was saying in the sentence that you quoted.

Regardless of which double top strategy you choose to use, trading MACD divergence can help qualify them.

Am I right if for example, Divergence is when price is making higher highs while the histogram or MACD line are making lower highs or double tops?»

MACD divergence is, for example, when price is making lower lows while the histogram or MACD line is making higher lows or double bottoms.

In this example there was a double top, trend line break, MACD divergence and prices falling below the Exponential Moving averages.