kb4444
24 posts
msg #44198
- Ignore kb4444 |
5/26/2006 7:53:48 AM
What do you all consider the best indicators to use to spot divergences? I've been relatively successful with Stochastics but I'm just wondering if there's a better indicator out there to make it easier..and what settings. Thanks,
KB
|
WALLSTREETGENIUS
983 posts
msg #44209
- Ignore WALLSTREETGENIUS |
5/26/2006 10:24:12 AM
Here they are in "best" order....
********************************************************************************
RSI(2)
RSI(7)
CCI(7)
Willams %R(7)
Elder-Ray's BullPower / BearPower
********************************************************************************
KB4444....you won't find 5 more better than these 5! When RSI(7), CCI(7), and Will(7) are all showing divergence, "LOAD THE BOAT!"
Peace.
- RIGGS -
|
kb4444
24 posts
msg #44213
- Ignore kb4444 |
5/26/2006 12:04:25 PM
Thanks Riggs... I will look into those.
KB
|
maxreturn
745 posts
msg #44235
- Ignore maxreturn |
5/26/2006 5:28:05 PM
Macd with settings of 12 and 26 give the best, most meaningful divergences IMHO. Before looking to trade a daily divergence however, I always look at the weekly chart with it's own MACD with the same 12,26 settings as a filter.
|
WALLSTREETGENIUS
983 posts
msg #44238
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 6:01:48 PM
maxreturn
Macd with settings of 12 and 26 give the best, most meaningful divergences IMHO. Before looking to trade a daily divergence however, I always look at the weekly chart with it's own MACD with the same 12,26 settings as a filter.
_________________
WRONG! The MACD is the SLOWEST in showing "divergence." Here's a random example.....
Look at AVM. The first time MACD showed any kind divergence from 4/10/06 to present was 5/22/06 when MACD Histogram ticked up the first time at it's second lower bottom. What happened? Price FELL two days after that! Now look at RSI(7)and Williams %R(7).....the REAL divergence didn't take place until 5/24/06.
But Max is right about looking for divergence in the MACD....but always wait for the other indicators to show their face of divergence FIRST B-4 entering. And max' advice about the "weekly" charts is right on target. I couldn't give better advice than that.....
- RIGGS -
|
marine2
963 posts
msg #44351
- Ignore marine2 |
5/29/2006 1:16:32 AM
If you watch macd(4,8) while it's under 0 and with its macd(4,8)slow line crossing above macd(4,8)fast line you will see divergence.
It's true, macd(12,26) indicator is too slow for catching a stock that about to pop to the upside, but, still useful for the long term trading person out there wanting to catch a stock trend.
|
mantis2k4
20 posts
msg #44388
- Ignore mantis2k4 |
5/29/2006 8:39:59 PM
thanks for the idea riggs:
|
SOLIDOAK
1 posts
msg #45001
- Ignore SOLIDOAK |
6/15/2006 11:53:08 AM
Hello, how can I scan for: show me stocks between 20 and 100 where volume has been decreasing for last 2 days and price has been increasing for last three days? Thank you all
|
nikoschopen
2,824 posts
msg #45002
- Ignore nikoschopen |
6/15/2006 12:11:51 PM
Write the code just as you have described above:
|
BFreshour
139 posts
msg #45009
- Ignore BFreshour |
6/15/2006 2:49:33 PM
I personally prefer using two CCI's. One with a longer term value and one with a shorter term value. When I see divergence in both, I go for it. Been making a killing in Forex using it.
BTW: Thanks ALF! ;)
|