VMACDH - Volume-Weighted MACD Histogram

Modified on 2010/04/26 19:47 by Administrator — Categorized as: TASCIndicators

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