Registered User
Joined: 9/18/2008
Posts: 65
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How would we create a strategy where we can have a
MACD Histogram 5,34,5 and compare it against the Price
Where we are looking for Lower Highs on the MACD against Higher Highs on the Price
and then Go and Short the stock?
This is a Divergence Play
Evan
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I've Shared a Chart that uses Zig Zag Percent Indicator to trace the "Highs" and "Lows" of both Price and MACD. It checks for Higher Highs in Price by searching for instances where its Zig Zag is Up both over one and two periods. It checks for Lower Highs in MACD by searching for instances where its Zig Zag is Up over one Period but down over two Periods.
Select Share | Charts.
Type evanm36052 and select Search.
Select the evanm36052 Chart.
Select Open.
-Bruce
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