LazyBear

Indicators: Volume-Weighted MACD Histogram & Sentiment Zone Osc

Volume-Weighted MACD Histogram
-------------------------------------------------------------------------------------
Volume-Weighted MACD Histogram, first discussed by Buff Dormeier, is a modified version of MACD study. It calculates volume-averaged Close price for finding the histogram.

More info:
http://www.moneyshow.com/articles.asp?aid=daytraders-18013

Sentiment Zone Oscillator
-------------------------------------------------------------------------------------
Sentiment Zone Oscillator, developed by Walid Khalil, is a complementing oscillator to VZO and PZO.

To quote Walid:

>> The sentiment zone oscillator (SZO) is a leading contrary oscillator that measures the extreme emotions of a single market or share.
>> It measures and defines both extremes, bullishness (overoptimism) and bearishness (overpessimism), that could lead to a change
>> in sentiment, eventually changing the trend of the time frame under study. The SZO was devised on the belief that after several waves
>> of rising prices, investors begin to get bullish on the stock with increasing confidence since the price has been rising for some time.
>> The SZO measures that bullishness/bearishness and marks overbought/oversold levels.

SZO has its own oversold/overbought bands. Also, when SZO goes above 7, it indicates extreme optimism. When the SZO goes below -7, it indicates extreme pessimism.

More info: http://www.traders.com/Documentation/FEEDbk_docs/2012/05/Khalil.html

How to import / use custom indicators from this chart?
-------------------------------------------------------------------------------------
PDF: https://drive.google.com/file/d/0Bx48Du_2aPFncUhIemNrZUY1dTA/edit?usp=sharing
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author LazyBear
//
// If you use this code in its original/modified form, do drop me a note. 
//
study("Volume Weighted MACD [LazyBear]", shorttitle="VWMACD_LB")
slow = input(12, "Short period")
fast = input(26, "Long period")
signal = input(9, "Smoothing period")


maFast = ema( volume * close, fast ) / ema( volume, fast ) 
maSlow = ema( volume * close, slow ) / ema( volume, slow ) 
d = maSlow - maFast 
maSignal = ema( d, signal ) 
dm=d-maSignal

h_color=dm>=0? (dm>dm[1]?green:orange) : (dm<dm[1]?red:orange)
plot( dm, style=histogram, color=h_color, linewidth=3)


//
// Easter Egg! Have fun :)
//
// d_color=d>=0? (d>d[1]?green:orange) : (d<d[1]?red:orange)
// zl=plot(0, color=gray)
// dl=plot(d, style=line, color=d_color, linewidth=4)
// fill(zl, dl, silver)
Extremely useful script
Reply
SZO_LB
+3 Reply
Dear friend, can`t find sentiment source code
Reply
I found another amazing indicator from you.
Thank you!!!
Reply
Thanks again for the contribution! Love the egg ;)
Reply
LazyBear accidentje
yw :)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out