Volume MACD for Amibroker (AFL)
RAJESH D. almost 16 years ago Amibroker (AFL)
The VMACD (Volume Moving Average Convergence/Divergence) indicator shows the relationship between two moving averages of volume. VMACD is derived by dividing one moving average by another. It is based on the point spread difference between two exponential moving averages (EMA) of a security’s volume, similar to the MACD where the closing price is used.
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Indicator / Formula
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_SECTION_BEGIN("vol macd");
Diff = EMA (Volume,12) - EMA (Volume,26);
DEA = EMA (Diff,9);
Value3 = (Diff-DEA);
Plot (Diff, "Diff", 18,1);
Plot (DEA, "DEA",15,1);
Plot(Value3,"Vmacd",12,3);
_SECTION_END();
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Thank you for this AFL. Maybe you could suggest any method to use this indicator!