What are the steps to calculate MACD for digital currencies?

1 answers

• Dec 28, 2021 · 3 years ago
  Calculating the MACD for digital currencies is a straightforward process. First, gather the historical price data for the digital currency you want to analyze. Then, calculate the 12-day exponential moving average (EMA) and the 26-day EMA of the closing prices. Next, subtract the 26-day EMA from the 12-day EMA to get the MACD line. Finally, calculate the 9-day EMA of the MACD line to get the signal line. The MACD histogram can be derived by subtracting the signal line from the MACD line. This indicator can be a useful tool for technical analysis of digital currencies.
  574287