| apatil |
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| Sunday, August 17, 2008 |
| Friday, June 18, 2010 12:11:40 PM |
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This may be too simplistic but in video section on stockfinder.com there is a video on creating TSV divergence. I used the same procedure for MACD and it does find divergences. You will need to play with different timeframes to find right one for you.
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To find the stocks with squeeze, you can open bollinger bandwidth indicator and highlight to show raw value. Once you have the raw values listed you can sort it in ascending order which will show the stock with tightest squeeze on the top. This is the simplest way I found to locate stocks with tight squeezes.
Although having tight squeeze does not mean that the stock will breakout in the direction you want so to locate Bollinger Bandwidth breakout to longside I just combine two rules. 1. Price crossing through upper bollinger band and 2. Upper bollinger band moving quickly. And then go through each selected stock to see how tight the squeeze has been prior to breakout.
You can also add another rule in sequence before breakout rule that bollinger bandwidth making xxx day low or below certain value but with that you will sometime miss because using any numerical value will limit the selection.
Hope this helps.
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