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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » indicators

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guru7306
Posted : Friday, June 24, 2011 12:22:19 PM
Registered User
Joined: 10/9/2007
Posts: 18
 is it possible to scan for overbought or ovesold levels of stochastics? also, is it possible to scan for stoch. bearish/bullish divergence? let me knwo thx
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Bruce_L
Posted : Friday, June 24, 2011 12:27:17 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 In general, yes, it is possible to scan for overbought and oversold levels of Stochastics. The practicality of scanning for divergences is more dependent on your particular definition. That said, we would need specific unambiguous definitions of what you see as overbought, oversold and bearish/bullish divergence as well as your specific Stochastic settings in order to be able to help you create Personal Criteria Formulas to use in a scan.

Understanding MACD
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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