VWMACD Oscillator @shrilss

2월 6일

The VWMACD Oscillator is a unique and innovative trading indicator designed to provide insights into market momentum using the Volume Weighted Moving Average Convergence Divergence (VWMACD) concept. This script amalgamates various elements to offer a comprehensive view of market trends and potential reversal points.

Key Features:

- Fast Period: Adjust the fast moving average period to fine-tune the sensitivity of the indicator to short-term price movements.

- Slow Period: Set the slow moving average period to control the responsiveness of the indicator to longer-term trends.

- Signal Period: Determine the signal line period to smooth out fluctuations and identify potential trade signals.

- Longer Period: Define the longer period to capture extended trends and market cycles.

How it Works:
The VWMACD Oscillator is derived from the convergence and divergence of two volume-weighted moving averages. It combines the volume factor with the source input to create a robust momentum oscillator. The fast and slow moving averages are calculated by weighting the source with the corresponding volume, providing a unique perspective on market strength.