The MACD (Moving Average Convergence Divergence) is a popular technical analysis indicator used to identify trends and potential buying or selling opportunities in the cryptocurrency market. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A MACD divergence occurs when the MACD line (the line resulting from the above calculation) diverges from the price of the underlying asset, which can be a bullish or bearish signal depending on the direction of the divergence.
The bot will filter out MACD histogram and price divergences and notify users as soon as they occur, providing them with valuable information that they can use to make informed trading decisions. By tracking the MACD and alerting users to potential opportunities in the market, the bot can help maximizing the returns and minimizing the risks.
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