Syntax
public VMACDH(Bars bars, int shortPeriod, int longPeriod, int signalPeriod, string description)
public static VMACDH Series(Bars bars, int shortPeriod, int longPeriod, int signalPeriod)Parameter Description
| Bars |
The symbol's Bars object |
| shortPeriod |
The short ema period (should be less than the longPeriod) |
| longPeriod |
The long ema period (should be greater than the shortPeriod) |
| signalPeriod |
The period of the MACD signal line |
Description
The Volume-Weighted MACD Histogram is from the October 2009 issue of
Stocks & Commodities magazine. The author, David Hawkins, presents a novel way to combine both volume and exponential weighting on a moving average and then extends it to the MACD histogram. He claims that it results in the MACD Histogram becoming a better leading indicator.
Example
See
TASC Traders' Tip from October 2009