New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
MACD-H divergence scan
Comments
-
Basically, that is pattern recognition, which is very hard to scan for (successfully) because the market rarely repeats a behavior in EXACTLY the same way. So, when you write the scan, it has to be very long and complicated to account for every possibility, or it has to be more general, which get lots of hits that don't fit the sequence you are looking for.
For a simple divergence scan, you might start with, say, a new 20 day low
[close = min(20, close)]
and a Hist that is NOT a 20 day low
[MACD Hist(12,26,9) > min(20, MACD Hist(12,26,9))]
and go from there. You could mess with the 20 parameter, maybe specify that MACD Hist is less than 0, etc.
0 -
Thanks, markd. I will get started and check back if questions.0
Categories
- All Categories
- 2.3K StockCharts
- 395 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 73 Data Issues
- 177 Other StockCharts Questions
- 218 Technical Analysis
- 155 Using Technical Analysis
- 2 InterMarket and International
- 19 Market and Breadth Indicators
- 42 Market Analysis
- 109 Trading
- 109 Trading Strategies
- 163 S.C.A.N the StockCharts Answer Network forum
- 65 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 5 Off-Topic
- 6 The Cogitation & Rumination Emporium
- Forum Test Area