Here is the classical MACD indicator weighted by the Volume. Much more accurated for stock trading.
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fast=12 slow=26 signal=9 mafast = exponentialaverage[fast](volume*close) / exponentialaverage[fast](volume) maslow = exponentialaverage[slow](volume*close) / exponentialaverage[slow](volume) d = mafast - maslow masignal = exponentialaverage[signal](d) dm = d-masignal RETURN dm as "Volume Weighted MACD" |
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Is there any way the MACD/signal line histogram can be included in the package?
Just replace the last line with this :
RETURN dm as \"Volume Weighted MACD\", masignal as \"Signal Line\"
I happen to read this article. I would say the formel ‘d = maslow – mafast’ could be inversed. It should be ‘d = mafast – maslow’?
See definition here: https://de.wikipedia.org/wiki/MACD
You are right! but still the picture is looking good. The formula is inverted! dunno why 🙂 I will fix it. Thanks for reported this error.