# Elastic Volume Weighted MACD ( EVWMACD )

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The Elastic Volume Weighted MACD is a variation of standard MACD .

The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average .

I took the formula of EVWMA from public library coded by LazyBear.

I use EVWMACD as a trend confirmation indicator.

Just tune all lengths and parameters according to your instruments