Elastic Volume Weighted MACD ( EVWMACD )

The Elastic Volume Weighted MACD is a variation of standard MACD .

The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average .

I took the formula of EVWMA from public library coded by LazyBear.

I use EVWMACD as a trend confirmation indicator.

Just tune all lengths and parameters according to your instruments
Open-source Skript

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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