jlb17ww2

VWMACD using EMA (Divergence Spotter)

This plots the volume weight MACD using an EMA to calculate all averages and signals, which doesn't lag as much as normal moving averages. I only use this indicator to find divergence with price action to determine high probability reversal zones.

I use the following inputs:
Long = 13
Short = 8
Signal = 5
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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.

Want to use this script on a chart?