Multi-Indicator that combines several indicators to automate the movement of the price and trend based on the average of the entire volume distribution.

Wave: Average of the whole distribution of the volume in histogram form that measures the distance with the price, this provides in histogram mode the strength of the value based on the volume and marks the high point in the Histogram of the price reversal.

Timing: Recognizes all movements of the MACD indicator and lists them based on the trend obtained from the MACD and Wave indicators.

Bullish Trend

• Timing 1: Bullish Momentum
• Timing 2: Correction of Bullish Impulse
• Timing 3: Possible Reversal of the “Bearish” trend, Pause Trading
• Timing 4: Possible Reversal of the trend, Pause Trading

– The Timing 3 bullish trend will not work.

– The Timing 4 is a Timing of Pause, being this Timing the one that marks the bullish impulse in a market ceiling can be a trap. We have to wait for Timing 1 to confirm the continuation of the bullish momentum so as not to have a reversal of the movement and possible change of trend.

Bearish Trend

• Timing -1: Bearish Momentum
• Timing -2: Bullish Momentum of the Bearish trend
• Timing -3: Possible Reversion of the trend, Pause Trading
• Timing -4: Possible Continuation of the trend, Pause Trading

Documentation link

https://www.tiburonesdealetacorta.com/2019/03/tac-volume-macd-timing.html

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REM TAC Volume MACD TIMING
REM TAC Volume MACD TIMING | indicator
REM 01.09.2011
REM TAC @ www.tiburonesdealetacorta.com
REM Sharing www.tiburonesdealetacorta.com
////////////////////////////////////////////////////////////////////////

defparam drawonlastbaronly=true

pc=12
pl=26
ps=9
cero=0

n=60
lv1=0
lv2=0

for i= 0 to n do
lv1=lv1+close[i]*Volume[i]
lv2=lv2+Volume[i]
next

lv=lv1/lv2
Wave = close - lv

a=MACD[12,26,9](close)

hh=exponentialaverage[pc](close) - exponentialaverage[pl](close)
REM Signal
hh1=exponentialaverage[ps](hh)

if Wave crosses over 0 then
drawtext("●",barindex,hh1,Dialog,Bold,12) coloured(0,128,0)
DRAWLINE(barindex, hh1, barindex, hh1)
endif

if Wave crosses under 0 then
drawtext("●",barindex,hh1,Dialog,Bold,12) coloured(128,0,0)
DRAWLINE(barindex, hh1, barindex, hh1)
endif

if a<0 then
r=128
g=0
b=0
else
r=0
g=128
b=0
endif

//POSITIVO
IF HH>=0 and HH>HH1 and lv>lv[5] THEN
SENAL=1

ENDIF

IF HH>=0 AND HH<HH1 and lv>lv[5] THEN
SENAL=2
ENDIF

IF HH<=0 AND HH<HH1 and lv>lv[5] THEN
SENAL=3
ENDIF

IF HH<=0 AND HH>HH1 and lv>lv[5] THEN
SENAL=4
ENDIF

//NEGATIVO
IF HH<=0 and lv<lv[5] THEN
SENAL=-1
ENDIF

IF HH<=0 and HH>HH1 and lv<lv[5] THEN
SENAL=-2
ENDIF

IF HH>=0 and HH>HH1 and lv<lv[5] THEN
SENAL=-3
ENDIF

IF HH>=0 and HH<HH1 and lv<lv[5] THEN
SENAL=-4
ENDIF

TIMING = SENAL

if a crosses over 0 then
drawtext("●",barindex,hh,Dialog,Bold,12) coloured(r,g,b)
endif

if a crosses under 0 then
drawtext("●",barindex,hh,Dialog,Bold,12) coloured(r,g,b)
endif

if TIMING = 1 or TIMING = -2 then
r=0
g=128
b=0
DRAWTEXT(" Timing: #TIMING# ▲",barindex,hh1,SansSerif,Bold,20)coloured(0,128,0)

endif

if TIMING = 2 or TIMING = -1 then
r=128
g=0
b=0
DRAWTEXT(" Timing: #TIMING# ▼ ",barindex,hh1,SansSerif,Bold,20)coloured(128,0,0)
endif

if TIMING = 3 or TIMING = 4 or TIMING = -4 or TIMING = -3 then
r=255
g=165
b=0
DRAWTEXT(" Timing: #TIMING# ▬",barindex,hh1,SansSerif,Bold,20)coloured(255,165,0)
endif

if Wave>=0 then
rm=0
gm=128
bm=0
else
rm=128
gm=0
bm=0
endif

if hh>hh1 then
rh=0
gh=102
bh=204
else
rh=150
gh=50
bh=0
endif

if hh1<hh then
rh1=0
gh1=102
bh1=204
else
rh1=150
gh1=50
bh1=0
endif

return Wave/4 coloured (rm,gm,bm) style (histogram) as "Wave",hh coloured(rh,gh,bh) style(line,2) as "MACD",hh1 coloured(rh1,gh1,bh1)style(line,2) as "Signal", cero as "cero"