wwells
3 posts
msg #100119
- Ignore wwells |
4/5/2011 4:12:02 PM
RSI divergence from price is one the primary uses of Wilders inticator, but I have not been able to build a scan to find stocks that are either making new lows while RSI is moving up, or in the case of new highs, the RSI is failing to reach new high. Stockfetcher admin sent one but it is not effective. If anyone has a screen for RSI divergence I would like to try it.
One other aspect of RSI divergence is when a new high is preceded by a failure swing, it strengthens the RSI signal. but writing a scan for that seems unlikely.
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four
5,087 posts
msg #100120
- Ignore four
modified |
4/5/2011 4:39:22 PM
Possibly...
On the day after trigger... place buy using the low of day before trigger
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TheRumpledOne
6,411 posts
msg #100140
- Ignore TheRumpledOne
modified |
4/6/2011 2:11:54 AM
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scvidar
87 posts
msg #100145
- Ignore scvidar |
4/6/2011 3:31:32 PM
HI FOUR.
I LIKE IT. SIMPLE & NOT VERBOSE.
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Kevin_in_GA
4,599 posts
msg #100147
- Ignore Kevin_in_GA |
4/6/2011 3:51:20 PM
Simple ... divergence is when price and the indicator of choice are moving in opposition.
Obviously you can modify this to your liking
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mystiq
650 posts
msg #100162
- Ignore mystiq
modified |
4/7/2011 12:41:09 AM
34 results from: Wednesday April 6, 2011
Symbol Last Chg(%) Vol pd2345 posdiv pddays trend rsidays RSI(2)40-weeklow MA(DayPointRange,30) Analysis Chart
EDZ - 16.43 -1.50 1060100 1111.00 7.00 2.00 0.00 2.00 0.48 0.79 historical 3m , 6m , 1y , 2y
-->TRO
***the results from today...confused on how to understand pd2345 column? is 1111.00 the number of "potential" postive divergences? or does it mean something else? ***
pd2345 shows if there is a 2, 3, 4 or 5 day positive divergence.
1000 = 2 day
0100 = 3 day
0010 = 4 day
0001 = 5 day
1111 = 2, 3, 4 and 5 day positive divergence.
**Thanks for the response
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wwells
3 posts
msg #100173
- Ignore wwells |
4/8/2011 12:28:31 AM
Either, it is not possible to use the SF program to identify a divergence, or those trying to help with a scan for divergences do not understand Wilders definition of a divergence between price and RSI. Also the changes in price and
RSI occur over varying time periods, some happen quickly and some take several days. A few examples oF recent divergences are SONC, BEBE,FMER, CX, HGG , and ABT in Feb is a classic example.of what I would like to find with a scan It maybe one of those things easy to recognize but too hard to write in code.
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TheRumpledOne
6,411 posts
msg #100177
- Ignore TheRumpledOne |
4/8/2011 8:05:49 AM
-->TRO
***the results from today...confused on how to understand pd2345 column? is 1111.00 the number of "potential" postive divergences? or does it mean something else? ***
=========================================
pd2345 shows if there is a 2, 3, 4 or 5 day positive divergence.
1000 = 2 day
0100 = 3 day
0010 = 4 day
0001 = 5 day
1111 = 2, 3, 4 and 5 day positive divergence.
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four
5,087 posts
msg #100183
- Ignore four |
4/8/2011 11:01:01 AM
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TheRumpledOne
6,411 posts
msg #102561
- Ignore TheRumpledOne
modified |
9/7/2011 10:25:10 AM
A "1" in the column indicates there is POSITIVE DIVERGENCE between price and RSI(2).
Not sure how far I can push this.
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