OPEN-SOURCE SCRIPT
VW-MACD
Updated
Hello traders!
I am reading "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" by Buff Pelz Dormeier so I am going to implement all indicators that are considered there.
VW-MACD was developed by Buff Pelz Dormeier in 2000 and is based on the difference between a short-term volume-weighted moving average and a long-term volume-weighted moving average. The signal line is traditionally left as an exponential moving average.
Like and follow for more cool indicators!
Happy Trading!
I am reading "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" by Buff Pelz Dormeier so I am going to implement all indicators that are considered there.
VW-MACD was developed by Buff Pelz Dormeier in 2000 and is based on the difference between a short-term volume-weighted moving average and a long-term volume-weighted moving average. The signal line is traditionally left as an exponential moving average.
Like and follow for more cool indicators!
Happy Trading!
Release Notes
- Added more options to choose preferred styling
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Freelance -> Telegram: @alex_everget
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A list of FREE indicators:
bit.ly/2S7EPuN
A list of PAID indicators:
bit.ly/33MA81f
Earn $15:
tradingview.com/pricing/?share_your_love=everget
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.