Hi Bruce,

Can you please give me a pcf for RSI making positive divergence while price is falling.

Hello Bruce i would like to have the pcf for upper and lower bb bands ( 10 , 0.80) thanks

savinir,
I probably wouldn't try to create a Condition Formula to try and identify the divergence.

Let's start with a fairly simple way to search for a divergence between Price History and an RSI over the most recent 10-bars.

Click on Price History and select Create Scan Condition. Then select Moving Down from the Condition drop-down menu (Net, % or Smart would do). Then set the Period of the Condition to the number of bars over which you wish to check for a divergence (in this case, 10).

Create Conditions from Your Chart

Then do the same thing with the RSI indicator, but choose Moving Up instead of Moving Up.

You can then add both the Conditions to the same EasyScan.

Building a Scan with Multiple Conditions

Readyforaction,
Upper Bollinger Bands 10, 0.80 could be written as:

AVGC10 + .8 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 - 10 * AVGC10 ^ 2) / 10)

Lower Bollinger Bands 10, 0.80 could be written as:

AVGC10 - .8 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 - 10 * AVGC10 ^ 2) / 10)

Modelling Bollinger Bands (& Standard Deviation) in a TC PCF