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TSV-Price Divergance easyscan Rate this Topic:
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jmasoc
Posted : Monday, October 15, 2012 11:37:43 PM
Registered User
Joined: 1/27/2010
Posts: 10

How do I write an easyscan or a  pcf to Look for divergance in price direction vs TSI divergance?

I've tried using the standard method of creating easyscans, and can get such things as "TSV crossing up (or down) the 0 Line, or Moving Up, or Moving down,"  But I haven't figured out how to get  "price moving down, and TSV moving up. "When price is moving down, I'm not too worried about whether TSV  is above or below the 0 LIne) 

Bruce_L
Posted : Tuesday, October 16, 2012 7:18:32 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Click on Price History and select Create Scan Condition. Then select Moving Down from the Condition drop-down menu (Net, % or Smart would do). Then set the Period of the Condition to the number of bars over which you wish to check for a divergence.

Creating Scan and Sort Conditions

Then do the same thing with the Time Segmented Volume (TSV) indicator, but choose Moving Up instead of Moving Down.

You can then add both the Conditions to the same EasyScan. Checking for a divergence where Price History was Moving Up and TSV was Moving Down would just be a matter of switching around how you created the Conditions.

EasyScan Basics
EasyScan Expanded



-Bruce
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jmasoc
Posted : Wednesday, October 17, 2012 11:49:39 AM
Registered User
Joined: 1/27/2010
Posts: 10

When using the "Price Moving Down Net" condition, I'm getting erratic results.  Then when I try to edit the condition, the "Price History" box comes up, not the original box.  As a result, I'm unable to edit the original settings.  From what I can determine, if the period is set for 20, if the price goes down from the 20th day to the 19th day, I get a positive sort.  

Also, the box "Price > 2 (default)" I'm interpreting to mean that over the 20 day period, the price moved less than $2.00.  Is that correct?  (if that's the case, wouldn't a number of 100, or 1000 work just as well?

 

Bruce_L
Posted : Wednesday, October 17, 2012 11:59:35 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Price Moving Down Net with the Period set to 20 and Net Change < set to 2 would be checking for the Net Change in Price over the most recent 20-bars to be less than 2. This means it could actually go up slightly. You probably want to set this to 0 or even something slightly negative to make sure there is actually a negative slope.



-Bruce
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