Go to the link I provided and select MACD as an indicator. In very simple terms GREEN GOOD< RED BAD.. a buy/sell cycle happens numerous times in every time frame. If you look at the 1 minute time frame you will see it go GREEN when people are buying and RED when people are selling. Each smaller cycle influences the time frame above it. So a solid 1 minute buying cycle, will pull the 3 minute green, then the 5, 15, 30, 1 hr, 2 hr, 4, 6, 12, 1 Day etc.. but a solid buying cycle on a small time frame that is not supported by a larger time frame will likely fizzle and die. You have to watch it.. watch how all the time frames relate to each other, influence each other etc. It's a living thing..
Ah. Trading view doesn't have the green and red lines... it just has lines above or below a line... which I've never really paid attention to before. I'm constantly flicking between the different time frames to try and read the trends...
So a buying cycle is like a flurry of buy trades? Is a buy/sell cycle where a green stick turns to a red stick?
Go to the link I provided and select MACD as an indicator. In very simple terms GREEN GOOD< RED BAD.. a buy/sell cycle happens numerous times in every time frame. If you look at the 1 minute time frame you will see it go GREEN when people are buying and RED when people are selling. Each smaller cycle influences the time frame above it. So a solid 1 minute buying cycle, will pull the 3 minute green, then the 5, 15, 30, 1 hr, 2 hr, 4, 6, 12, 1 Day etc.. but a solid buying cycle on a small time frame that is not supported by a larger time frame will likely fizzle and die. You have to watch it.. watch how all the time frames relate to each other, influence each other etc. It's a living thing..
Ah. Trading view doesn't have the green and red lines... it just has lines above or below a line... which I've never really paid attention to before. I'm constantly flicking between the different time frames to try and read the trends...
So a buying cycle is like a flurry of buy trades? Is a buy/sell cycle where a green stick turns to a red stick?
https://cryptowat.ch/gdax/ltcusd/5m
https://www.investopedia.com/terms/m/macd.asp
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_convergence_divergence_macd