Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 11/4/2004(UTC)
Posts: 8
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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.
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia
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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
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 11/4/2004(UTC)
Posts: 8
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