Hello All!
It is my first attempt to build and share indicator, so be lenient.
I have found this indicator's logic in TradingView and looked for it's analog here and NT forums.
Unfortunately I didn't find it, so decided to build it myself.
It is just volume weighted, TradingView Code:
"fastMA = ema(volume*close, fastperiod)/ema(volume, fastperiod)
slowMA = ema(volume*close, slowperiod)/ema(volume, slowperiod)
vwmacd = fastMA - slowMA
signal = ema(vwmacd, signalperiod)
hist= vwmacd - signal"
I added Histogram Multiplier variable to set Difference Histogram more easy to view.
I just multiplies Difference Histogram on set value.
I don't researched all NT indicator methods yet, so it seems I have made a lot of surplus actions and rows,
such as new data series for every calculation step. I would be grateful if you could tell me how to make it
easier and more elegant.
I hope someone will find it useful!
Category The Elite Circle
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