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Volume Weighted MACD (Bollinger style)
This indicator implements a Volume-Weighted MACD inspired by John Bollinger’s approach.
Instead of using standard exponential moving averages, the MACD line is calculated with volume-weighted EMAs, giving more importance to price movements that occur with higher volume. The signal line remains a regular EMA of the VWMACD, preserving the classic MACD structure while adding volume confirmation.
How it works
Fast VWEMA = EMA(price × volume) / EMA(volume)
Slow VWEMA = EMA(price × volume) / EMA(volume)
VWMACD = Fast VWEMA − Slow VWEMA
Signal Line = Standard EMA of the VWMACD
Histogram = Difference between VWMACD and Signal
Purpose
The indicator helps answer a key question: Does volume support the trend?
If price moves are accompanied by strong volume, the VWMACD will reinforce the signal. If volume fades, underlying weakness becomes more visible.
Typical Use
Crossovers for timing entries and exits
Divergences to spot potential reversals
Histogram expansion/contraction to gauge momentum strength
This tool blends trend and momentum analysis with built-in volume weighting to reduce false signals caused by low-participation price moves.
Instead of using standard exponential moving averages, the MACD line is calculated with volume-weighted EMAs, giving more importance to price movements that occur with higher volume. The signal line remains a regular EMA of the VWMACD, preserving the classic MACD structure while adding volume confirmation.
How it works
Fast VWEMA = EMA(price × volume) / EMA(volume)
Slow VWEMA = EMA(price × volume) / EMA(volume)
VWMACD = Fast VWEMA − Slow VWEMA
Signal Line = Standard EMA of the VWMACD
Histogram = Difference between VWMACD and Signal
Purpose
The indicator helps answer a key question: Does volume support the trend?
If price moves are accompanied by strong volume, the VWMACD will reinforce the signal. If volume fades, underlying weakness becomes more visible.
Typical Use
Crossovers for timing entries and exits
Divergences to spot potential reversals
Histogram expansion/contraction to gauge momentum strength
This tool blends trend and momentum analysis with built-in volume weighting to reduce false signals caused by low-participation price moves.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.