I have a default numbers 9,12,26 for my MACD but only 2 lines. Why not 3 lines since there are 3 numbers? The green line is more volatile than darker line..default color.
How do I know which line is for which number? I think that green line is # 9 MACD because it is faster and keeps on moving above and below dark smother line. Correct? But what number is the smother line? Is it #26? If so what is # 12 suppose to indicate?
Also since MACD just follows the price, do I really need it since I already have 10, 20, and 50 MA? If I remove it would it change anything?
Thanks in advance for your help.
How do I know which line is for which number? I think that green line is # 9 MACD because it is faster and keeps on moving above and below dark smother line. Correct? But what number is the smother line? Is it #26? If so what is # 12 suppose to indicate?
Also since MACD just follows the price, do I really need it since I already have 10, 20, and 50 MA? If I remove it would it change anything?
Thanks in advance for your help.