Can anyone tell me what the significance is of the fast and slow MA travelling below or above histogram. Also is there any significance when they crossover the histogram line (not each other - I know about that already).
Tks heaps
There is no significance in an MA.
not sure i get what you mean?
This is from the stockcharts website,
Developed by Gerald Appel in the late seventies, Moving Average Convergence-Divergence (MACD) is one of the simplest and most effective momentum indicators available. MACD turns two trend-following indicators, moving averages, into a momentum oscillator by subtracting the longer moving average from the shorter moving average. As a result, MACD offers the best of both worlds: trend following and momentum. MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. Traders can look for signal line crossovers, centerline crossovers and divergences to generate signals. Because MACD is unbounded, it is not particularly useful for identifying overbought and oversold levels.
Here is the whole page to study.
Moving Average Convergence-Divergence (MACD) - ChartSchool - StockCharts.com
Absolutely, no significance whatsoever.