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Scan for Divergence between price and MACD Histogram. Can this be done. This is first time I've aske Rate this Topic:
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Tomod
Posted : Monday, November 13, 2006 10:12:55 AM
Registered User
Joined: 2/5/2006
Posts: 7
Craig_S
Posted : Monday, November 13, 2006 10:14:25 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Tomod,

Please review this video: Learn how to use the forums: post a new topic, reply, Search existing topics


What are your MACD histogram settings?

Over what time period do you want the divergence to form (in days)?

Are you looking for a rising price and falling MACD histgram (or visa versa)?

- Craig
Here to Help!
Tomod
Posted : Monday, November 13, 2006 12:35:42 PM
Registered User
Joined: 2/5/2006
Posts: 7
Macd Histogram setting 12,26,9 (the usual. Divergence to form within 6 weeks (or 30 days) and looking for both rising price and falling MACD histogram and visa versa.
Craig_S
Posted : Monday, November 13, 2006 2:59:29 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
For starters, try this:

Create the following PCF:

MACD Histogram Net Change 6-week)

((XAVGC12-XAVGC26)-(XAVG(XAVGC12,9)-XAVG(XAVGC26,9))) - ((XAVGC12.30-XAVGC26.30)-(XAVG(XAVGC12.30,9)-XAVG(XAVGC26.30,9)))

Price Percent Change 6-weeks

100*(C-C30)/C30

Once you create and calculate the above PCFs, please build the following EasyScan

WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price Percent Change 6-weeks (limit VALUES: MIN to 0)
MACD Histogram Net Change 6-week) (limit VALUES: 0 to MAX)

Save your EasyScan and enjoy the resulting WatchList of stocks that fit your conditions.

Here are three videos to review:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Create your own stock rankings using WatchLists and Sort conditions


- Craig
Here to Help!
Tomod
Posted : Monday, November 13, 2006 3:44:56 PM
Registered User
Joined: 2/5/2006
Posts: 7
Thank you.
Craig_S
Posted : Monday, November 13, 2006 4:05:36 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
My pleasure.

- Craig
Here to Help!
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