gates007
6 posts
msg #43035
- Ignore gates007 |
4/18/2006 6:45:43 AM
I am looking for MACD POSITIVE DIVERGENCE filter.
DESCRIPTION: "PRICE TOUCHES NEW LOW BUT MACD FAILS TO TOUCH NEW LOW"
Is there any such filter already developed?
Kindly help. thnx!!
gates007
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TheRumpledOne
6,529 posts
msg #43039
- Ignore TheRumpledOne |
4/18/2006 12:17:18 PM
I posted an rsi divergence filter... you can modify that to use MACD.
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maxreturn
745 posts
msg #43038
- Ignore maxreturn
modified |
4/18/2006 12:32:50 PM
Haven't looked at TRO's solution but here's one way to go about it. Using the "indposition" indicator you can look at the last X number of days and compare macd to price. My example looks at the last 65 days (approx 3 mos trading days only). If the indposition of close equals 0 that means close has reached a new 65 day low. If macd is above 0 at the same time, that means macd has diverged with the close. NOTE: For some reason I was not able to get consistent results using the "low" price. Have an e-mail into support to find out why. HTH:
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