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markinvests3
Posted : Tuesday, September 4, 2012 2:03:44 PM
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Joined: 6/30/2010
Posts: 33

Please help with a PCF for stochs divergence.

settings are 14, 3, 3 (simple) and 15, 5, 3 (simple)

I hope that is what is needed for pcf.

Thank you.

Bruce_L
Posted : Tuesday, September 4, 2012 2:41:13 PM


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Joined: 10/7/2004
Posts: 65,138

It would depend on your particular unambiguous objective definition of divergence, but let's start with a fairly simple way to search for a divergence between Stochastics 14,3,3 and Stochastics 15,5,3 over the most recent 10-bars.

Click on the Stochastics 14,3,3 and select Create Scan Condition. Then select Moving Up from the Condition drop-down menu (Net, % or Smart would do, but I'd start with Smart). Then set the Period of the Condition to the number of bars over which you wish to check for a divergence (in this case, 10).

Creating Scan and Sort Conditions

Then do the same thing with the Stochastics 15,5,3 indicator, but choose Moving Down instead of Moving Up.

You can then add both the Conditions to the same EasyScan. Checking for a divergence where Stochastics 14,3,3 was Moving Down and Stochastics 15,5,3 was Moving Up would just be a matter of switching around how you created the Conditions.

EasyScan Basics
EasyScan Expanded



-Bruce
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markinvests3
Posted : Tuesday, September 4, 2012 4:08:30 PM
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Joined: 6/30/2010
Posts: 33

Bruce.  Thank you for your response.  You were correct I did not clarify divergence nor my objective. 

I currently use two stochastics settling ( yet I only display one at a time on a chart - though I do change the settings periodically).  The first stoch is 14, 3, 3; and the second is 15, 5, 3.  As mentioned i display one of the forementioned settings at a time on a chart.  My objective is to determine divergence between the current price and stochs.

For example, the price increasing and the 15, 5, 3 stochs are declining (have a declining slope).  I am most likely interested in daily, hourly, and 15 min charts and i suppose 10 bars would be enough to make the determination.  I am not certain about details required for TC2000.

I hope that is a little more clear.

Bruce_L
Posted : Tuesday, September 4, 2012 4:19:01 PM


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Joined: 10/7/2004
Posts: 65,138

The basic idea would be the same except that you would substitute Price History for one of the Stochastics. You can use a Move Period besides 10 and you can change the Time Frame of the Condition both when it is created and from within the EasyScan.

A simple way to search for a divergence between Price History and Stochastics over the most recent 10-bars.

Click on Price History and select Create Scan Condition. Then select Moving Up from the Condition drop-down menu (Net, % or Smart would do, but I'd start with Smart). Then set the Period of the Condition to the number of bars over which you wish to check for a divergence (in this case, 10).

Creating Scan and Sort Conditions

Then do the same thing with the Stochastics indicator, but choose Moving Down instead of Moving Up.

You can then add both the Conditions to the same EasyScan. Checking for a divergence where Price History was Moving Down and Stochastics was Moving Up would just be a matter of switching around how you created the Conditions.



-Bruce
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TC2000 Support Articles
markinvests3
Posted : Tuesday, September 4, 2012 5:16:52 PM
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Joined: 6/30/2010
Posts: 33

Got it.  Thank you

Bruce_L
Posted : Wednesday, September 5, 2012 8:25:32 AM


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Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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