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Is this a good scan to narrow divergences in weekly charts ?

in Scanning
[type = stock]
and [optionable is true]
and [Close > 20]
and [Weekly MACD Signal(12,26,9) < -1.0]
and [Weekly MACD Line(12,26,9) < -1.0]
and [Weekly MACD Hist(12,26,9) > 0.0]
and [Weekly MACD Hist(12,26,9) < 0.5]
and [Weekly rsi(14) > 33]
and [Volume > 1,500,000]
and [optionable is true]
and [Close > 20]
and [Weekly MACD Signal(12,26,9) < -1.0]
and [Weekly MACD Line(12,26,9) < -1.0]
and [Weekly MACD Hist(12,26,9) > 0.0]
and [Weekly MACD Hist(12,26,9) < 0.5]
and [Weekly rsi(14) > 33]
and [Volume > 1,500,000]
0
Comments
-
Divergence is comparing the slope or trend line of price with the slope or trend line of an indicator. If the price slope/trend line is opposite or inverted with the indicator slope/trend line, then divergence is present.
MACD measures trend and momentum not divergence.
To determine divergence, compare MACD with price. I use the slope function to accomplish this.
I'm not sure what you mean by narrow divergence because divergence is either present or its not. Maybe you mean to find divergence?
The original intent of divergence is comparing index price with its net advances line.0
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