Hope this is the right forum guys, if not apologies. I'm watching the FTSE with 5 min candles and simple Moving Averages (4, 9 and 19 - Am trying out a technique I've read) and std MACD and histogram settings of 26, 12 and 9.
With it, every time the SP rises, the MACD crosses down below the signal line (when I expect it to cross up over it, not everytime i know, but the majority), it just seems to go the complete opposite direction. Am I doing something wrong please?
I've done 2 x screenshots and saved to a word doc, hopefully its uploaded
Dont all shoot me down, I'm still fairly new to this :)
With it, every time the SP rises, the MACD crosses down below the signal line (when I expect it to cross up over it, not everytime i know, but the majority), it just seems to go the complete opposite direction. Am I doing something wrong please?
I've done 2 x screenshots and saved to a word doc, hopefully its uploaded
Dont all shoot me down, I'm still fairly new to this :)
Moving Averages and MACD working opposite?
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