volume-weighted MACD

In the Oct09 issue of Technical Analysis of Stocks & Commodities, David Hawkins published a volume-weighted MACD. The magazine makes the code available in many formats (MetaStock is the default of course). Is anyone interested in helping to convert this to MT4 ?

I've tried to modify the indicator "MACD+OsMA.mq4" but I don't know enough MT4 language or general programming to implement this correctly.

Is it cool to post the MetaStock code here or is that not allowed.. ?

here is the volume-weighted MACD. i don't see any advantage of it, compared to original MACD..

sangmane

thanks sangmane. i don't think this code is working quite the same as the David Hawkins version. i'm not sure why. the time periods are the same (standard MACD). i do know his article states that:

- the 2 EMA lines are to be volume weighted
- the signal line is a regular EMA (non-volume weighted)

the signal line in the indicator you sent seems to have an SMA as the signal line. even still, it's the histogram i'm concerned with anyway. i'm going to look at it a little closer. thks again
mark