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Joined: 1/24/2005
Posts: 107
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Craig in a back post ,dated Sept. 29 2005 you put up a pcf for price divergence with TSV... Could you do a PCF like you did but using MACD 12,26,9 for say the last 20 days please? or using weekly time say 8 weeks?
Create the following PCF:
(AVGC5-AVGC5.5)*(AVG(TSV10,5)-AVG(TSV10.5,5))
When this returns a POSITIVE number, the price LR and TSV LR are "in step" with each other. WHen this returns a NEGATIVE number, the two are diverging (one sloped positive, one negative).
Create the PCF and then sort some WatchLists by them. You will get a clear sense between the values it returns and what you are seeing on the chart.
I am simplifying things greatly here but I bet you will find this more than gets the job done. Try it!
Once you get a sense of the values-to-chart relationship by sorting, you can easily limit the values when you use it in EasyScan.
- Craig
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