grass
10 posts
msg #35157
- Ignore grass |
2/18/2005 1:23:44 PM
Hi All,
Can we search for MACD divergence ?
Ideally I'd like to create 2 filters:
1) Bearish MACD divergence, Fast stoch. line crossed below slow stoch line and volume > 500k
2) Bullish MACD divergence, Fast stoch. line crossed above slow stoch line and volume > 500k
The problem is: I dont know how to program the divergence :(
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Islander
5 posts
msg #35158
- Ignore Islander |
2/19/2005 12:34:06 AM
Hi Grass,
If you are looking for price divergence then maybe something around this phrase will suit your needs:
(Looking for price trending down, now ready to bounce up)
Show stocks where MACD Fast Line(10,50) remained below the MACD Slow Line(10,50) for the last 30 days
and the MACD Histogram(10,50) has been increasing for 7 days
offset 0 days
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Islander
5 posts
msg #35159
- Ignore Islander |
2/19/2005 12:47:09 AM
Grass,
Are you by any chance trying to combine the support trendline concept with a MACD - price divergence concept indicating that the price is now most likely to bounce on the support trendline? This is the theory taught with the use of Ramp scanning software.
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Islander
5 posts
msg #35160
- Ignore Islander |
2/19/2005 1:14:23 AM
Grass,
Another way to look for MACD - price divergence in the case of stocks with their price trending down, now most likely to go up:
Show stocks where MACD Fast Line(10,50) 10 days ago remained below the MACD Slow Line(10,50) 10 days ago for the last 30 days
and MACD Fast Line(10,50) remained above the MACD Slow Line(10,50) for the last 5 days
and MACD fast line(10,50) is below 0
and price is less than 2% above price 10 days ago
offset 0 days
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Islander
5 posts
msg #35161
- Ignore Islander |
2/19/2005 1:38:17 AM
Grass,
For your convienience:
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jclaffee
81 posts
msg #35162
- Ignore jclaffee |
2/19/2005 1:53:52 AM
Hi, grass
You said "The problem is: I don't know how to program the divergence"
I don't either. If I were interested in what you express interest in, I'd have to do it this way --
With respect to #1,
and visually screen the resulting charts for divergences. (The "Close" line is just to limit the number of returns.)
There must be a way to do the "visual screen" with SF but this guy doesn't have it!
Good trading
Jim
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jclaffee
81 posts
msg #35163
- Ignore jclaffee |
2/19/2005 2:05:24 AM
grass, I'm correcting an oversight in the previous filter:
Jim
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jpistell
123 posts
msg #35167
- Ignore jpistell |
2/19/2005 7:55:51 AM
Diverg. suggestion:
Use linear reg. line of each indicator, then ask for different slope lines. I wrote one in here a few months ago, keyword search: "X marks the spot". Where X is the visual pattern of the 2 Lin. Reg. slopes (ala diverg.)
Trader Joe
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