MACD, what does that measure? How is it calculated?
Since I'm asking questions, how is order flow measured? Is it just one number, or is it today's 24-hour volume minus yeaterday's 24-hour volume? Or is order flow calculated some other way?
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It's a trend following signal. It depends on the moving averages you're using. Commonly, technical analysts use 26 and 12 days moving averages. Once the 12 MA crossed above the 26 MA, technical analysts see that as a bullish signal.
Source
Others would not trust this indicator alone. They will use it together with additional indicators.
Moving average trends. OK. I thought that was involved somehow; I just wanted to confirm. Thank you!
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My pleasure! 😊