Volume MACD and Linear Regression Volume Overlay

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Volume MACD and Linear Regression Volume Overlay

Postby logicgate » Tue Dec 11, 2018 8:54 pm

After I became a VSA and Wyckoff nerd, I started looking for more volume based indicators to supplement my analysis. I am reading a book called "Traders Book of Volume" which is really good, and put me on a hunt for the indis, I couldn't find those indis for MT4.

This MACD based on volume is so much better. I believe it is a matter of just tweaking the regular MACD to use volume info as input, instead of price, and then make it show on top of volume bars.

The linear regression based and overlaid on volume is better than a MA, it shows a nice slope.

Hope you guys can code them!

Cheers and God Bless.
Attachments
linearregression.png
volumemacd.png
volumemacd2.png
logicgate
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Re: Volume MACD and Linear Regression Volume Overlay

Postby Apprentice » Wed Dec 12, 2018 7:39 am

Your request is added to the development list under Id Number 4357
Can you provide any web reference, ebook...
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Re: Volume MACD and Linear Regression Volume Overlay

Postby logicgate » Wed Dec 12, 2018 11:16 am

Hello brother! Sure!

I googled about "Volume MACD" what is showing up is a VWMA MACD, which I think it is not the same as in the book, I think this one still have some price influence.

https://www.moneyshow.com/articles/daytraders-18013/


I believe that the one in the book is purely based on volume. Here is the book:

https://www93.zippyshare.com/v/T0RRw53q/file.html
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Re: Volume MACD and Linear Regression Volume Overlay

Postby logicgate » Wed Dec 12, 2018 11:30 am

This is what I found about linear regression:

https://tulipindicators.org/linreg
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Re: Volume MACD and Linear Regression Volume Overlay

Postby logicgate » Thu Dec 13, 2018 12:17 pm

My dear friend Apprentice, a coder in another forum updated his MACD collection and included the option to plot MACD based on volumes, however the indicator plots in another window, not on top of volume bars. I believe it is just a matter of tweaking it to make it show on top of volume bars.

Indi attached.

Now we just need the linear regression.
Attachments
AllMACD_v2.9 600+.mq4
(88.3 KiB) Downloaded 407 times
logicgate
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