Volume MACD and Linear Regression Volume Overlay | Forex Factory

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Volume MACD and Linear Regression Volume Overlay

  • #1
  • First Post: Dec 10, 2018 12:31pm Dec 10, 2018 12:31pm
Hey there, couldn't find those indicators for MT4. Does anyone have them to share??

The price based indicators are useless. 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.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: linearregression.png Size: 625 KB
Click to Enlarge Name: volumemacd.png Size: 631 KB
Click to Enlarge Name: volumemacd2.png Size: 809 KB
  • #2
  • Dec 11, 2018 11:16am Dec 11, 2018 11:16am
Quoting Gauer
Hey there, couldn't find those indicators for MT4. Does anyone have them to share?? The price based indicators are useless. 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. {image} {image} {image}
of course will it possible to calculate macd on volume.
i don’t believe your shown overlays are macd because it’s not oscillating and macd is an oscillator.
Also the idea with regression. Your picture let me assume that you will calculate the regression on the currently visible bars or do you have a fixed count for looking back.
  • #3
  • Dec 11, 2018 1:57pm Dec 11, 2018 1:57pm
Quoting JensItzig
{quote} of course will it possible to calculate macd on volume. i don’t believe your shown overlays are macd because it’s not oscillating and macd is an oscillator. Also the idea with regression. Your picture let me assume that you will calculate the regression on the currently visible bars or do you have a fixed count for looking back.

Hello brother, thanks a lot for replying!! God Bless.

I took those screenshots from a book I am reading. I believe that the line is calculated based on the bars displayed on the screen, I think it is the best way for it to work. If we had to choose a period every time, it would be a pain in the ass lol.

Regarding the volume MACD, I can clearly see it oscillating around the 0 line, perhaps you didn't look close enough?
  • #4
  • Last Post: Dec 11, 2018 7:29pm Dec 11, 2018 7:29pm
Quoting Gauer
{quote} Hello brother, thanks a lot for replying!! God Bless. I took those screenshots from a book I am reading. I believe that the line is calculated based on the bars displayed on the screen, I think it is the best way for it to work. If we had to choose a period every time, it would be a pain in the ass lol. Regarding the volume MACD, I can clearly see it oscillating around the 0 line, perhaps you didn't look close enough?
You are right. I looked at the wrong side. Assumed that the overlay Y-Axis will shown right and the original data shown left. In this chart it’s switched.
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