This is a more advanced version of the standard moving average convergence/divergence indicator (MACD). It allows you to change the type of all moving averages (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI). By for example setting the period to 3/10/16 and use simple moving averages instead of exponential moving averages you can turn it into the modified version of the MACD oscillator (mMACD) described in detail in Appendix B in the book "The Art and Science of Technical Analysis: Market Structure, Price Action and Trading Strategies" by Adam Grimes.
The indicator also allows you to volume weight the indicator (turned on by default), which will turn it into a Volume-Weighted Moving Average Convergence Divergence (VW-MACD) first used by Buff Pelz Dormeier in 2002 and described in detail in his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends". If you want to weight the oscillator against the true range instead of volume this is also possible. By default, this will be done automatically for assets that do not support volume.
The indicator also allows you to volume weight the indicator (turned on by default), which will turn it into a Volume-Weighted Moving Average Convergence Divergence (VW-MACD) first used by Buff Pelz Dormeier in 2002 and described in detail in his book "Investing with Volume Analysis: Identify, Follow, and Profit from Trends". If you want to weight the oscillator against the true range instead of volume this is also possible. By default, this will be done automatically for assets that do not support volume.
ملاحظات الأخبار:
Added a setting that turns this indicator into a Percentage Price Oscillator.
ملاحظات الأخبار:
Added a setting that turns this indicator into a Percentage Price Oscillator.
ملاحظات الأخبار:
Some tags added.
ملاحظات الأخبار:
Support for StochasticMACD (also known as StochMACD or just SMACD) added.
ملاحظات الأخبار:
Update example graph.
ملاحظات الأخبار:
Set better default Stochastic Length
ملاحظات الأخبار:
Update example graph.
ملاحظات الأخبار:
Change back to correct default value for Stochastic Length.
ملاحظات الأخبار:
Update to Pine Script Version 4 and add resolution to study.