OPEN-SOURCE SCRIPT
Volume Weighted MACD (VWMA, 4 Color, Color-blind Friendly)
MACD built out of two Volume Weighted Moving Average (VWMA) lines of different periods. The signal line is still an EMA of the MACD line, just like with the normal MACD .
Colors are picked to be friendly with partial colorblindness, and can be modified in the indicator settings.
Colors are picked to be friendly with partial colorblindness, and can be modified in the indicator settings.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.