orabox 
Gold User, Member, TeleChart

Registered User 




Unsure 

Thursday, October 07, 2004 
Thursday, July 12, 2018 3:40:38 PM 
25 [0.01% of all post / 0.00 posts per day] 

Is it possible to edit price candles, and volume indicator to show red as a down day when the close is lower than the opening, and green when the close is higher than the opening, regardless of the previous days close?

I assume 5 bars is five days. How would the formula be changed for 60 days or 90 days. RSI divergences take several days or weeks to set up. Sorry I didnot ask for longer time periods.

As well as the first formula works for rsi divergence at high prices the second does not work very well for low prices. Most of the stocks scanned in the first formula show a majority of the stocks scanned had new highs while the rsi showed lower highs as the stock reached the new high. Several short canidates are shown.
In the second formula which attempted to show the reverse, the scan showed only a 3 of 25 sp500 stocks that actually had a new low in the last 60 or more days. And the rsi was diverging.
If it is possible to scan for divergence after price reaches new highs, it seems that your formula to reverse the scan would work, but it may not be possible for lows. Rather than rsi, there may be a better indicator that will find what I look for if you have a suggestion. Searching each chart for stocks that have hit new lows while rsi and other indicators are rising has been very profitable. Just looking for a easier way to find those stocks in that position.

The formula that had the best results when made into an easy scan is the longer formula beginning after the statement "Although if it is using a Wilder's smoothed RSI, the resulting formula would be much longer:" I copied the whole text that followed and added to a condition for an easy scan.
My question is how this long formula could be changed to find RSI divergences from low prices in the same way the current formula shows RSI divergences from only high prices. The answer above seems to be only for the shorter version formula which did not work as well as the long form which works very well.

This formula shows RSI divergences on price highs. Can it be changed to indicate RSI divergences at price lows?

Using the long formula you created showed 44 stocks. RSI is lower while the price is setting new highs, in all those scanned, except four that have some unusual recent price movements. This appears to be very good scan for RSI diveregence. Thanks for the help.

This formula for RSI divergence is from Mr. Swing website. When copied to TC 12.3 I get "error in formula  argument missing near >" Why will this formula not work onTC?
CLOSE > 10 AND MAV20 > 200000 AND HIGH >HIGH5 AND RSI10 < RSI10_5
After watching tutorials, chatting with trainers, and searching RSI divergence on the discussion forum, I have yet to find a way to scan for actual divergences which are defined as price making highs, when RSI does not, or RSI making higher highs when Price is moving lower.

I am trying find stocks that have had a considerable increase in volume. The ones you have written for me so far produce mixed results. First, I do not want to include todays vol. I want the vol of days prior to today. I trtied to adjust the last pcf you sent, to take out todays vol., but the scan showed every nasdaq 100 as a hit. Here is what I tried. 3*V1>=AVGV120.1 AND 3*V2>=AVGV120.2 AND 3*V3>=AVGV120.3 What did I do wrong. Again I want the 3 days prior to today, not including today, which show an increase of 200% of the previous 120 average vol.

would you show pcf for my last post.

This pcf does not show that the vol for each of the last three days are 200% above the last 63.2. . And I should have said the last 120 days instead of six months which you correctly put at 63.2

