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zvior  
#1 Posted : 16 years ago
zvior

Rank: Newbie

Groups: Registered, Registered Users, Subscribers
Joined: 11/4/2004(UTC)
Posts: 8

Hello,

I would like to customize a MACD indicator to work with volume instead of price.

Could someone please help me or reference a manual's page that would tell me how to do this?

Thanks.

oztrader  
#2 Posted : 16 years ago
oztrader

Rank: Advanced Member

Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia

Hi zvior,

In the MetaStock User Manual the formula for MACD is:-

12 period EMA of the closing price - 26 period EMA of the closing price

or expressed as a formula:-

Mov(C,12,E)-Mov(C,26,E)

By substituting the volume (V) for the close will then give you a MACD of the volume.

Cheers,

oz

zvior  
#3 Posted : 16 years ago
zvior

Rank: Newbie

Groups: Registered, Registered Users, Subscribers
Joined: 11/4/2004(UTC)
Posts: 8

Thanx!
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