OPEN-SOURCE SCRIPT
Updated Volume Weighted Normalized MACD
The base of this Indicator is MACD but I've weighted it using Volume also Normalized it.
You can use it for divergence and other strategies such as signal line cross with macd line.
Enjoy.
You can use it for divergence and other strategies such as signal line cross with macd line.
Enjoy.
Release Notes
Added option to control volume weight, normalizationAdded Bands
Added Colorful MACD Line
Release Notes
Better Colorful MACDOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.