Registered User
Joined: 10/7/2004
Posts: 17
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Hi ,
I'm interesting in constructing a PCF for Macd Divergence . Since I'm not versed in technical analysis lingo ,let me describe the chart I would to put in in a formula to do a search:
- during a correction the macd drops to -.13 then ascends > zero line ,followed by another sellof and Macd drops to-.05 . During both drops in MAcd the price maintains a support .
I hope this description helps somewhat.
Thank you,
Steve
Ps see link below for chart of FTR with ie. of Macd Divergence setup from March thru May
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ftr&time=8&startdate=1%2F4%2F1999&enddate=7%2F17%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=4&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10&x=67&y=12ve
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of practical automated method if identifying MACD divergences of this type, but you may wish to review the following:
Macd divergence and false breakouts
Price and MACD divergence
MACD DIVERGENCE
new scan
Divergance
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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