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Worden Discussion Forum » Members » pwalker

Profile: pwalker
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User Name: pwalker
Groups: Gold User, Member, TeleChart
Rank: Registered User
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Joined: Wednesday, November 21, 2007
Last Visit: Monday, November 26, 2007 6:20:59 PM
Number of Posts: 2
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Last 10 Posts
Topic: new scan
Posted: Monday, November 26, 2007 5:47:27 PM
I use a price chart with a MACD below it with settings at 12, 26, and 9. I look at all time periods from 1 minute to weekly, and all in between. I look for the MACD moving in the opposite direction of the price chart, focusing on double tops, head and shoulders patterns and simple divergence; ie: current weekly chart on INDU. There is a very clear divergence between MACD and P between July and now; significant double top on P, with divergence on MACD.
Topic: new scan
Posted: Wednesday, November 21, 2007 4:30:13 PM
I want to create a scan that will show me the divergence between the price chart and the MACD. Can someone provide some advise? Thanks.