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Help for MACD Divergence Scan
I’m hoping someone here can help me. I’ve searched Support but can’t find a solution. I’m trying to scan for a particular form of a divergence but I can’t figure out how to express it in the scan engine. Here’s what I’m trying to do:
1. Scan for declining price over a given time period, say 44 days (2 months). This is, of course, easy using EMA. No help needed here.
2. During that same time period I’m looking for the MACD Histogram to have reached a trough/bottom and then later within that same time period while the price continues to reach new, deeper lows the MACD Histogram develops a second trough which is shallower/higher (i.e., a positive divergence).
Any guidance you can provide would very much appreciated.