PROTECTED SOURCE SCRIPT
VWMACD using EMA (Divergence Spotter)
This plots the volume weight MACD using an EMA to calculate all averages and signals, which doesn't lag as much as normal moving averages. I only use this indicator to find divergence with price action to determine high probability reversal zones.
I use the following inputs:
Long = 13
Short = 8
Signal = 5
I use the following inputs:
Long = 13
Short = 8
Signal = 5
Protected script
This script is published closed-source and you may privately use it freely.
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