Awhile back I had a trader email requesting I code this indicator for Thinkorswim. At the time I wasn’t able to get to it, and I’ve subsequently lost the email, so I thought I would put this out there in the universe in case he happens to run across it here, and in case anyone else can use it.
Easycators Volatility Normalized MACD-V implementation: http://tos.mx/1VziaCe
And here’s the research paper with the details:
“The output of the indicator isAlex Spiroglou
the amount of momentum a security has,
that is in excess of its average volatility,
expressed as a percentage.
We are measuring directional strength,
“purified” from volatility fluctuations”