Julia has talked about an easy scan formula (criteria) to screen out stocks with a macd divergence. Is this formula available somewhere?

thanks Robert

Hi Robert,

In general, my approach is to plot Price History as well as a MACD.  Create a Scan Condition for Price Moving Down Smart over a period of 60 bars (I use a Daily chart).  Then create a Scan Condition for MACD Moving Up Smart over a period of 60 bars.   Add both conditions to an EasyScan.  The resulting stocks should be those that exhibit a three month (roughly) positive divergence betweeen Price and MACD.

In case you'd rather grab my already-created EasyScan, I'll post it to my Notes. Follow these steps to retrieve it:

1. Click the News & Notes button on the Main Toolbar

2. Choose 'Search TC2000 User Notes'

3. Search for 'Julia_O'

4. Look for the note with the Positive MACD Divergence EasyScan attached.

You should be able to open the scan results from there.

I hope that helps!

Julia