OPEN-SOURCE SCRIPT
MACD-V Volatility Normalized Momentum
Full Credit to Alex Spiroglou, DipTA(ATAA), CFTe, and author of the MACD-V.
papers.ssrn.com/sol3/papers.cfm?abstract_id=4099617
Alex recently received the CMT Dow Award for his work to improve on the classic MACD indicator. The MACD-V tackles some obvious challenges with the classic MACD indicator, which is normally an unbounded indicator and inconsistent between different symbols and markets.
"Our goal is to improve an existing tool (MACD), so that - by eliminating its shortcomings - we will be creating a unique type of hybrid 'boundless oscillator', that opens the doors for several pattern recognition opportunities which would not be definable using the classic MACD."
When the oversold/overbought range of 150 and -150 was determined, Alex tested where 95% of the data fell within the bands using the S&P price history as reference. Users are encouraged to find ranges relevant to the securities/instruments they are analyzing.
Enjoy!
papers.ssrn.com/sol3/papers.cfm?abstract_id=4099617
Alex recently received the CMT Dow Award for his work to improve on the classic MACD indicator. The MACD-V tackles some obvious challenges with the classic MACD indicator, which is normally an unbounded indicator and inconsistent between different symbols and markets.
"Our goal is to improve an existing tool (MACD), so that - by eliminating its shortcomings - we will be creating a unique type of hybrid 'boundless oscillator', that opens the doors for several pattern recognition opportunities which would not be definable using the classic MACD."
When the oversold/overbought range of 150 and -150 was determined, Alex tested where 95% of the data fell within the bands using the S&P price history as reference. Users are encouraged to find ranges relevant to the securities/instruments they are analyzing.
Enjoy!
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Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Automate your TradingView strategies through TradersPost.io to your favorite broker or exchange. Equities, futures, options, and crypto supported!
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.