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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » BackScan TSV Divergence

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AlanK
Posted : Thursday, December 21, 2006 9:05:45 AM
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Joined: 10/7/2004
Posts: 17
 I would like to create a backscan that will identify stocks that are bottoming with a divergent TSV. These stocks tend to form a W bottom where the TSV is positively divergent at the second swing in the W. I have been using TSV in BackScan but cannot figure out how to get it to recognize divergence.
Thanks.
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Craig_S
Posted : Thursday, December 21, 2006 9:08:05 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Define the divergence for me. What do you consider a TSV divergence?
- Craig
Here to Help!
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AlanK
Posted : Thursday, December 21, 2006 3:39:11 PM
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Joined: 10/7/2004
Posts: 17
 I guess I should have been checking back earlier. Don Worden placed a note on the WPO chart today (12/20/06) that describes it quite well. The tsv line did not drop as low as the price on the last dip.
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Craig_S
Posted : Thursday, December 21, 2006 3:59:41 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Try this combo. I made a new condition that checks if TSV has made a new low and combined it with the Price new low. Be sure to set the TSV to match your chart settings.

Save it in the following folder:
\My Documents\My SnapSheets\Tool Parts\BackScan Conditions
Once there, you can add it in your BackScan via the ADD CONDITION button and choosing MY COMPUTER.

Attachments:
TSV not new low.scond - 8 KB, downloaded 813 time(s).


- Craig
Here to Help!
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AlanK
Posted : Thursday, December 21, 2006 4:01:53 PM
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Joined: 10/7/2004
Posts: 17
 Thanks Craig. I appreciate the help and will let you know how it works for me.
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