Registered User Joined: 8/21/2010 Posts: 9
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Hi Bruce looking for this divergence can you help me with this filter. This is basically what I need.
Stock in uptrend
3 day slope of the close < -.2
3 day slope of the obv(20) > .2
5 day slope of the close < -.2
5 day slope of the obv(20) > .2
close > 10
volume > 1000000
Yvonne
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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When you say slope, do you mean a linear regression slope, a net change or something else?
Note that if you mean a linear regression slope, you are generally better off using even periods than odd periods because the the central point is not included in the calculation of the linear regression slope if the period is odd.
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
-Bruce Personal Criteria Formulas TC2000 Support Articles
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