i understand what moving averages are, but i don't understand why certain parameters are used....
for example, the 4HR MACD strategy has a bunch of MAs...like 21, 89, 200, etc.
why those numbers? why is it significant when prices start to find support at 200EMA? can't we just come up with a random number like 142EMA and when price finds support there to say it's also significant?
thanks.
for example, the 4HR MACD strategy has a bunch of MAs...like 21, 89, 200, etc.
why those numbers? why is it significant when prices start to find support at 200EMA? can't we just come up with a random number like 142EMA and when price finds support there to say it's also significant?
thanks.