MACDAD

This indicator provides you with MACD formula applied to volume-aware Accumulation/Distribution and onBalance Volumes indicators. In addition to tick volumes it supports special pseudo-real volumes, synthesized for Forex symbols where real volumes are unknown. More details on the volume surrogates may be found in description of another indicators - TrueVolumeSurrogate and OnBalanceVolumeSurrogate (algorithm of the latter is used internally in MACDAD for AD and OBV calculation before they proceed to MACD formula).

Using the combined price/volume action is widely recognized as an advantage in comparison to pure price action. This is why MACD based on OBV or AD may provide additional gain for trading.

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