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VMACD Indicator (Volume Moving Average Convergence Divergence)
This is not another indicator , just see the picture to know the power of this study
http://www.freeimagehosting.net/uploads/1e120823dd.jpg
Formula Name:VMACD
Formula Full Name:Volumn Moving Average Convergence Divergence
a=EMA(VOL,SHORT) - EMA(VOL,LONG);
b= EMA(a,M);
m=MACD ( a-b);
MACD returns the Moving Average Convergence Divergence indicator. MACD is a momentum oscillator, yet its primary use is to trade trends. MACD has two lines, one called MACD line or fast line and the other MACD signal or slow line. Differents interpretation can be made using MACD.
To get indicator on the chart ,type the below thing in edit formula section .This is with default values , change the values as per your need.
A=EMA(VOLUME,12)-EMA(VOLUME,26);
B=EMA(A, 9);
M= macd(A-B);
Plot(M, "r", colorBLACK, ChartSmoothLine, StyleOwnScale);
(after downloading and using these object leave you opinions at the bottem of the page under reviews, be it +ve or -ve ,so that we can work more on those objects. thank you)
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.