StockFetcher Forums · Filter Exchange · MACD - Price Divergence<< >>Post Follow-up
JoeGrossinger
165 posts
msg #29385
Ignore JoeGrossinger
10/20/2003 6:15:18 PM

A person on Koliga reminded me of one of the most powerful buy signals one can get. It's the MACD - PRICE Divergence. This is a genuine divergence not whatever some folks claim a divergence to be. A genuine divergence has the price go down and the MACD do up. That is a genuine divergence.
The opposite is also true for short traders.

A true divergence can also be filtered for RSI but it would work a bit different in that you look for a stock to make a new low, but the RSI fails to make a new low. That is a great buy signal. The opposite is also true and it's a great "Get the hell out of Dodge signal" when the price makes a new high but
the RSI fails to follow through.
Somoneone else can write that filter.

Here is the MACD divergence filter:

Fetcher[
Show stocks where MACD histogram(12,26) has been increasing over the last 4 days
and where Close has been decreasing over the last 4 days
and Average Volume(90) is above 50000 and close is between .1 and 9.95
]



Look at the charts of the hits and then look at the price vs MACD and you will see what I mean.

I'm not the world's greatest programmer so if anyone can do this better, by all means please do so.
I am trading this system on Koliga.com as of today.

http://www.koliga.com/forum/index.php?c=5


JoeGrossinger
165 posts
msg #29387
Ignore JoeGrossinger
10/20/2003 6:21:55 PM

I forgot to mention that 4 and 5 day performances are outstanding with very few losses.


StockFetcher Forums · Filter Exchange · MACD - Price Divergence<< >>Post Follow-up

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