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Is there a way to create a scan for V-MACD? (Volume based MACD)
I am not familiar with a volume based macd. Does it use daily, weekly or monthly data?
Hate to copy and paste but it is pretty detailed....
It looks like it's a proprietary indicator from that site.
From the explanation, it looks like you could filter normal MACD with ATR, except that ATR is not normalized, so one cut-off level would not work for all stocks. So, you could set up a chart list with ATR and MACD, and determine a horizontal cut-off line on ATR for each one. But you couldn't scan the list for crossovers. You could probably set up individual alerts, though.
Hmm, I will have to look into setting that up. I appreciate the help!
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