## Volume Weighted Momentum Oscillator

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### Volume Weighted Momentum Oscillator

Hi there dear friend Apprentice. Here is the formula for Linda Rashcke 3-10 Momentum Oscillator.

threeMA = MA(C, 3);
tenMA = MA(C, 10);
threeTen = threeMA - tenMA;
trendLine = MA(threeTen, 10);

Plot(threeTen, "3-10 Line", colorGreen, styleLine, Null, Null, 0, 0, 2);
Plot(threeTen, "3-10 Line", colorGreen, styleHistogram + styleNoLabel, Null, Null, 0, 0, 2);
Plot(trendLine, "Trend Line", colorBlue, styleLine, Null, Null, 0, 0, 2);
Plot(0, "0 Line", colorGrey40, styleDashed + styleNoLabel, Null, Null, 0, 0, 2);

My idea is to replace the MAs for VWMAs. I think the signals and readings will be more reliable if we use volume weighted moving averages.

You could compile both versions for MT4 and compare the results.

Cheers!
logicgate

Posts: 205
Joined: Tue Dec 11, 2018 7:54 am

### Re: Volume Weighted Momentum Oscillator

Try this version. (TS2/Lua)
viewtopic.php?f=17&t=67245

Apprentice
FXCodeBase: Confirmed User

Posts: 21576
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Volume Weighted Momentum Oscillator

Apprentice wrote:Try this version. (TS2/Lua)
viewtopic.php?f=17&t=67245

Hello dear friend! I am a MT4 user so, all my requests are for MT4.

Did you use the VWMA instead of the MA?
logicgate

Posts: 205
Joined: Tue Dec 11, 2018 7:54 am

### Re: Volume Weighted Momentum Oscillator

Apprentice
FXCodeBase: Confirmed User

Posts: 21576
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia

### Re: Volume Weighted Momentum Oscillator

VWMA can be selected from the menu.

Apprentice
FXCodeBase: Confirmed User

Posts: 21576
Joined: Thu Dec 31, 2009 11:59 am
Location: Zagreb, Croatia