Registered User
Joined: 8/23/2011
Posts: 1
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Is there an existing PCF one can use to find divergences between price and stochastics? If not, how would I write that?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is not a Personal Criteria Formula, but you could try the following in TC2000 version 12.
You Click on Price and select Create Condition. Then select Moving Up from the Condition drop-down menu (Net, % or Smart would do, but I'd start with Smart). Then set the Period of the Condition to the number of bars over which you wish to check for a divergence.
Indicators, Sorting & Scanning
Then do the same thing with the Stochastic indicator, but Moving Down instead of Moving Up.
You can then add both the Conditions to the same Scan. Checking for a divergence where Price was Moving Down and Stochastics was Moving Up would just be a matter of switching around how you created the Conditions.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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