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I am trying to translate a Metastock formula for AB. The formula is
(Mov(C,5,vol)/Mov(C,5,S))-1. The following is what I wrote:
period=5;
VolWeightedMA=Sum((Volume*Close),period)/Sum (Volume,period);
VMACDP05=(VolWeightedMA / MA(C,period))-1;
Plot(VMACDP05,"VMACDP05", colorBlack, styleLine|styleOwnScale);
Is this correct?
Alan
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