| LVJ |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, November 18, 2008 |
| Thursday, December 17, 2009 7:05:23 PM |
7
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Bruce, I too would like to have the ability to scan for Double Top and Double Bottoms in the price (or almost DT or DB's in Price) with a divergence on the MACD indicator. How could I go about creating a scan to check for almost DT/DB with MACD divergence against a group of stocks in my watchlist?
Thanks - Luther
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Bruce, the DIA is an idex of 30 stocks and we are able to see a bar chart for each day's activity with a hi and low value. I just want to do the same thing with a personal (ie custom) index with 5 stocks of my choosing (in the same sector) that combine the opening of all 5 stocks and the close of those 5 stocks to give us a hi/low. This should also allow us to look at candlesticks if we chose.
1) The custom index I was able to create, I had to save as a tab or style.
2) I was able to get the MACD indicator at the bottom of the chart.
3) But, I want it to look just like a stock chart.
4) I realize those hi low numbers may not have much meaning, but I'm just wanting a personal index price chart that mimics a stock chart. If I like the divergence pattern between the price chart and MACD indicatior I'll drill down into the individual components and look at them individually. If it doesn't have the look I want, I'll just pass on that custom index and look at the next one I create of a different sector.
Any help would be appreciated.
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I would like some help on creating a custom index that will enable me to see seperate bar charts for each day (assuming daily charts).
I have been able to create a custom index, but it only shows a line graph of the price. I am wanting to see the hi/low and even candlestick charts if possible.
I basically want a simple barchart with a MACD indicator of the custom index. I'm thinking it will require some programming help. Look forward to hearing from you.
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1) I hate to hear that we cannot scan for DT/DB. That would have been a time saver vs having to manually scan a large number of stocks charts daily to keep from missing that DT/DB setup. It would be even greater to scan for DT/DB on the weekly charts - this would point us toward longer term trading opportunities as well.
2) The time frame I'm referring to on the Monthly and Weekly heading down, is not a set number of ie. Months or weeks. What I'm looking for when I say hugely, is a parabolic downward slope of the MACD that visually appears to be dropping harder tand faster han the price (on the Monthly and Weekly charts). I am looking for the Daily MACD Indicator to be in an upward trend (with M&W down) - that appears to be and interuption of the longer term Weekly and Monthly MACD/Price Charts. In summary, hugely means MACD decline (visually) appears more pronounced and ahead of the price charts decline.
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I would like to create two scans.
#1) Scan for an incomplete DT/DB in price with MACD diverging from the price direction in the opposite direction. I want to be see stocks with prices almost at a DT with the MACD headed in the down direction (indicating price will roll over and go down and visa versa with the DB).
#2) I would like to create a condition to find stocks that are plunging hugely down on the Monthly and Weekly in price, with the MACD plunging down as well on the Monthly and Weekly charts. However, I want the Daily MACD (on the Daily price chart) to be headed up. My purpose here is to find stocks extremely weak, with the daily going counter to that. My goal is to spot them before the price rolls back over and head down on the daily, as the daily charts trys to get back in sync with the longer term Monthly/Weekly downward trend.
Can these conditions be created in Blocks. Thank You.
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