// FOREXCAKEMIX INDICATOR- VOLUME WEIGHTED MACD (VWMACD)- Automatic Indicator
// INGREDIENTS : VOLUME WEIGHTED MACD (VWMACD)
// This indicator could be used in conjunction with other indicators and can also be utilised for back testing purposes.
// Peace & Love,
Second version of Buff Dormeier's Volume Weighted MACD indicator....
Here in this version; Exponential Moving Averages used and Weighted by Volume instead of using only vwma (Volume Weighted Moving Averages).
I personally asked Mr Dormeier, the developer of this indicator, and he confirmed this second version could be used.
I personally think that this one is...
Volume Weighted MACD
Volume Weighted MACD (VW-MACD) was created by Buff Dormeier and described in his book Investing With Volume Analysis. It represents the convergence and divergence of volume-weighted price trends.
The inclusion of volume allows the VW-MACD to be generally more responsive and reliable than the traditional MACD.
What is MACD (Moving Average...
NOTE: Not useful for <15 mins timeframes.
I added a CMF to read market control. It gives a bit mire insight than the casual MACD Histogram, since it's formula is also based on volume and not just in price change.
How yo read CMF:
Possitive value = Bulls are in control of the market
Negative value = Bears are in control the market
Impulsive divergence =...
I am reading "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" by Buff Pelz Dormeier so I am going to implement all indicators that are considered there.
VW-MACD was developed by Buff Pelz Dormeier in 2000 and is based on the difference between a short-term volume-weighted moving average and a long-term volume-weighted...
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...
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