Volume Weighted MACD Oscillator

6 Nis 2019

This oscillator plots volume weighted convergence/divergence from the 20, 50 and 200 tick MA's. I wanted to build another way to look at the data I saw being generated in my first script.

7 Nis 2019

Sürüm Notları

When cleaning up the script, I saw that while I based the script off a MACD plot, that it actually charts price variance between the VWMA and the SMA.

The script is currently set to show as "Volume Weighted Price Oscillator". I see a few options here: Plot the MACD histogram and lines into script .. or update the name.

13 Nis 2019

Sürüm Notları

This update now shades based only if the trend is expanding to help chart the strength of the price action.

When the trend starts to contract ( no shading for several bars in a row) it is generally the beginning of a squeeze.