Volume-Weighted MACD Histogram
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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:
www.moneyshow.c...om/articles.asp?aid=daytra...
Sentiment Zone Oscillator
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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: www.traders.com/Docu.../2012/05/Khalil.html
How to import / use custom indicators from this chart?
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PDF: drive.google.co...mNrZUY1dTA/edit?usp=sharin...
-------------------------------------------------------------------------------------
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:
www.moneyshow.c...om/articles.asp?aid=daytra...
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: www.traders.com/Docu.../2012/05/Khalil.html
How to import / use custom indicators from this chart?
-------------------------------------------------------------------------------------
PDF: drive.google.co...mNrZUY1dTA/edit?usp=sharin...
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
//
// @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)
