Volume Weighted Volatility MACD is inspired by the concept mentioned in a paper on volume weighted volatility , implementing MACD on top of it helps gauge the variation in "activity" which can be interpreted as a leading momentum indicator, it cycles from trending : hist>0 to corrective movement : hist < 0 . This is my first published script ! I need help testing the capabilities of this indicator. Looking forward to your reviews!
In hrly chart the MACD line shows the levels above or below Zero line but it does not sho in daily Time Frame can you plz help
mohitkrishna010
⋅
@ajeetajeetmehra, hello! thank you for using the script , and for the feedback . I don't seem to understand the problem as it is oscillating around zero in daily chart as well as hourly . Just retested it.