| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 10/3/2006
Posts: 3
|
Is there a way to use EZ Scan to screen stocks and indexes for bullish and bearish divergences with MACD?
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Can you elaborate?
What MACD settings are you using?
What do you consider a MACD divergence?
- Craig
Here to Help!
|
|
Registered User
Joined: 10/3/2006
Posts: 3
|
When the stock price hits a new high compared to a previous high and the you compare the histograms of the two MACD of each of those highs. In the case of a bullish divergence, the prior high of the stock price and corresponding MACD histogram is a lower MACD high than the current one. Sorry it is easier to show with an example.
A good example would be to look at the weekly STX chart with MACD. The first part of 2006 versus the first part of 07. The MACD has traced a lower higher in 07 vs 06. That would be a bullish divergence. As the stock price is near it's 06 high or greater.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I don't know of a viable way to do this within the confines of the PCF language.
- Craig
Here to Help!
|
|
|
Guest-1 |