Glossary Letter: M

MACD, or Moving Average Convergence Divergence, is a technical indicator that compares two exponential moving averages to show how price momentum is changing.
A MACD crossover occurs when the MACD line moves above or below the signal line, showing a change in their momentum relationship.
The MACD histogram shows the difference between the MACD line and signal line, making expansion and contraction in measured momentum easier to see.
The MACD signal line is a smoothed average of the MACD line used to show how current momentum compares with its recent average.
Momentum describes the speed and strength of recent price movement.
Market structure describes how price movement is organised through highs, lows, ranges, breakouts, pullbacks, and trend behaviour.
Market noise refers to short-term price movement that may not clearly reflect a broader market direction or theme.
Multi-timeframe analysis is the practice of looking at the same market across more than one connected chart timeframe so broader structure and nearer-term movement can be understood together.
Mean reversion is the idea that price can move back toward its typical average after an unusually large move.
Margin is the amount of capital required to open and maintain a leveraged position.
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