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Volume Weighted MACD for NT 8

Hello All!

It is my first attempt to build and share indicator, so be lenient.

I have found this indicator's logic in TradingView and looked for it's analog here and NT forums.
Unfortunately I didn't find it, so decided to build it myself.
It is just volume weighted, TradingView Code:

"fastMA = ema(volume*close, fastperiod)/ema(volume, fastperiod)
slowMA = ema(volume*close, slowperiod)/ema(volume, slowperiod)
vwmacd = fastMA - slowMA
signal = ema(vwmacd, signalperiod)
hist= vwmacd - signal"

I added Histogram Multiplier variable to set Difference Histogram more easy to view.
I just multiplies Difference Histogram on set value.

I don't researched all NT indicator methods yet, so it seems I have made a lot of surplus actions and rows,
such as new data series for every calculation step. I would be grateful if you could tell me how to make it
easier and more elegant.

I hope someone will find it useful!

Category The Elite Circle

Details: Volume Weighted MACD for NT 8
Category: The Elite Circle

March 1st, 2019
Size: 3.50 KB

Comments/ratings

cv2low July 11th, 2019 01:24 PM

No Comment

guitrading October 13th, 2019 06:19 AM

thanks

Randwulf March 19th, 2020 03:38 AM

Thx 4 your effort...

ballhaj December 22nd, 2023 10:18 AM

thanks