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How to apply MACD to the volume?

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  • How to apply MACD to the volume?

    Dear masterful traders,

    I am very interested in applying the Macd idea of 12MA vs 26MA to the volume bars (not the price bar) and to plot it in a histogram form...

    Could you be so kind to please help me?

    My knowledge on programing equals zero,

    Tks,

    B.B.

  • #2
    B.B.
    If you are unfamiliar with programming in efs then you may want to consider using the Formula Wizard which makes it relatively easy to write studies such as the one you are looking for.
    For information and instructions on how to use the Formula Wizard see this article in the EFS KnowledgeBase.
    In the images enclosed below you can see the main steps required to create the study using the Formula Wizard
    Alex





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    • #3
      B.B.
      As an alternative you could modify the existing basicMACD.efs which is in the EFS2 Basic folder in Formulas.
      To do this open the Editor (Tools-> EFS-> Editor) then open the basicMACD.efs formula and modify it as shown in the image enclosed below. Once you have completed modifying it save the formula with a different name
      Alex

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