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Registered User
Joined: 1/26/2009
Posts: 2
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Alexander Elder on your training call said that divergence and false breakouts were his favorite indicators. Is there a scan for these?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Worden Brothers does not have these Scans available. Based on the comments made during the video, I believe the Elder-disk for StockFinder (which is available from Elder.com) has Scans for them (but for StockFinder, not TeleChart). I don't have the disk however to say for sure.
-Bruce
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Registered User
Joined: 3/8/2009
Posts: 7
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HI,
I have the elder disk and unfortunately it does not contain either of these scans.
I too am actively trying to delelop them but not being a programmer i am having some difficulties.
There has been some discussions and some code examples here http://forums.worden.com/default.aspx?g=posts&t=44734 which i am using as my basis to try and refine.
Feel free to join in and try to help us all develop them further!
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Registered User
Joined: 8/17/2008
Posts: 6
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This may be too simplistic but in video section on stockfinder.com there is a video on creating TSV divergence. I used the same procedure for MACD and it does find divergences. You will need to play with different timeframes to find right one for you.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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apatil,
That's a very good idea. Here's a link to the video:
Finding TSV Divergences
Along with two divergence related videos for TeleChart:
Using Linear Regression Sorts to Help Spot Divergences
Learn to quickly identify when price and volume are in or out of step
-Bruce
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