StockFetcher Forums · Filter Exchange · MACD POSITIVE DIVERGENCE<< >>Post Follow-up
gates007
6 posts
msg #43035
Ignore gates007
4/18/2006 6:45:43 AM

I am looking for MACD POSITIVE DIVERGENCE filter.

DESCRIPTION: "PRICE TOUCHES NEW LOW BUT MACD FAILS TO TOUCH NEW LOW"

Is there any such filter already developed?
Kindly help. thnx!!

gates007


TheRumpledOne
6,362 posts
msg #43039
Ignore TheRumpledOne
4/18/2006 12:17:18 PM

I posted an rsi divergence filter... you can modify that to use MACD.


maxreturn
745 posts
msg #43038
Ignore maxreturn
modified
4/18/2006 12:32:50 PM

Haven't looked at TRO's solution but here's one way to go about it. Using the "indposition" indicator you can look at the last X number of days and compare macd to price. My example looks at the last 65 days (approx 3 mos trading days only). If the indposition of close equals 0 that means close has reached a new 65 day low. If macd is above 0 at the same time, that means macd has diverged with the close. NOTE: For some reason I was not able to get consistent results using the "low" price. Have an e-mail into support to find out why. HTH:

Fetcher[set{closepos, indposition(close,65)}
set{macdpos, indposition(macd fast line(12,26),65)}
show stocks where closepos equals 0 and macdpos above 0 and average volume(65) above 1000000
]





StockFetcher Forums · Filter Exchange · MACD POSITIVE DIVERGENCE<< >>Post Follow-up

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