This is the MACD applied to Relative Volume as a source. Output includes
Relative Volume (RVOL as columns) MACD applied to the RVOL
Signal is the smoothed MACD
Histogram is the differential ( MACD - Signal)
Offset RVOL output. When the RVOL > 0, it is above the EMA and, when RVOL < 0, it is below the EMA set by the Relative Vol Length.
Added additional colors for RVOL < 0.
Remove from Favorite ScriptsAdd to Favorite Scripts