VA M A MA C D
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use VA M A MA C D
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Oscillator VAMA_MACD (Volume Adjusted MA MACD) is an MACD, in which Volume Adjusted Moving Average (VAMA) is used for smoothing. To calculate the VAMA, contract price is used, which is divided by the total volume over a period of time.
The indicator has four configured parameters:
Fast MA period
- fast MA period for calculating the MACD;
Slow MA period
- slow MA period for calculating the MACD;
Signal line period
- MACD signal line calculation period; and
Applied price
- price used for calculations.
Calculation:
where:
FastSPV
- sum of prices and volumes over the Fast MA period;
SlowSPV
- sum of prices and volumes over the Slow MA period;
FastSV
- sum of volumes over the Fast MA period;
SlowSV
- sum of volumes over the Slow MA period;
SMACD
- sum of the MACD values and of volumes over the Signal line period;
SV
- sum of volumes over the Signal line period.
