MACD with WMA fast and slow averages

[[email protected]]

Hi
I am interested in developing a MACD Oscilator using WMA instead of EMA.

I tried to alter the existing Ninja script available for regular MACD by swaping letter 'E' with 'W' where ever I saw the Ema in the code. Unfortunately , it generated some error report while compiling.

Appreciate guidence from Ninja support team / forum members in either calculating FastWma and SlowWma and substituting in the main MACD code or developing a new oscilator.

Thanks,

Raj

[NinjaTrader_Bertrand]

I would suggest you look into the various MACD variants posted to our sharing section and then use them as basis for your own derivation - http://www.ninjatrader-support2.com/...ch=MACD&desc=1

[RJay]

Dora,

Try this...

WMACD

I used the original MACD formula to calculate the Diff from the WMA values.

I also put an extra line on the Diff to make it easier to read.

Enjoy,

RJay