OPEN-SOURCE SCRIPT

Volume Weighted Average Divergence [DW]

8 642
This is an experimental study inspired by the volume weighted moving average convergence divergence (VWMACD) concept.
In this formula, divergences between two volume weighted moving averages and two simple moving averages over their respective lookback periods are calculated.
The difference between the divergences is calculated, then the difference between the result and an exponential moving average of the result are calculated to provide a histogram.
Finally, the mean value between the two divergences is calculated to provide the VWAD line.

Custom bar colors are also included.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.