V-MACD

LaRue
LaRue ✭
in Scanning
Is there a way to create a scan for V-MACD? (Volume based MACD)

Comments

  • lmkwin
    lmkwin ✭✭
    I am not familiar with a volume based macd. Does it use daily, weekly or monthly data?
  • LaRue
    LaRue ✭
    Hate to copy and paste but it is pretty detailed....

    http://www.v-charts.com/v_ta/volatilityadjustedmacd.asp
  • markd
    markd mod
    It looks like it's a proprietary indicator from that site.

    From the explanation, it looks like you could filter normal MACD with ATR, except that ATR is not normalized, so one cut-off level would not work for all stocks. So, you could set up a chart list with ATR and MACD, and determine a horizontal cut-off line on ATR for each one. But you couldn't scan the list for crossovers. You could probably set up individual alerts, though.
  • LaRue
    LaRue ✭
    Hmm, I will have to look into setting that up. I appreciate the help!

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