StockFetcher Forums · Filter Exchange · MACD divergence<< >>Post Follow-up
grass
10 posts
msg #35157
Ignore grass
2/18/2005 1:23:44 PM

Hi All,
Can we search for MACD divergence ?

Ideally I'd like to create 2 filters:
1) Bearish MACD divergence, Fast stoch. line crossed below slow stoch line and volume > 500k
2) Bullish MACD divergence, Fast stoch. line crossed above slow stoch line and volume > 500k

The problem is: I dont know how to program the divergence :(



Islander
5 posts
msg #35158
Ignore Islander
2/19/2005 12:34:06 AM

Hi Grass,

If you are looking for price divergence then maybe something around this phrase will suit your needs:
(Looking for price trending down, now ready to bounce up)
Show stocks where MACD Fast Line(10,50) remained below the MACD Slow Line(10,50) for the last 30 days
and the MACD Histogram(10,50) has been increasing for 7 days
offset 0 days


Islander
5 posts
msg #35159
Ignore Islander
2/19/2005 12:47:09 AM

Grass,

Are you by any chance trying to combine the support trendline concept with a MACD - price divergence concept indicating that the price is now most likely to bounce on the support trendline? This is the theory taught with the use of Ramp scanning software.


Islander
5 posts
msg #35160
Ignore Islander
2/19/2005 1:14:23 AM

Grass,
Another way to look for MACD - price divergence in the case of stocks with their price trending down, now most likely to go up:

Show stocks where MACD Fast Line(10,50) 10 days ago remained below the MACD Slow Line(10,50) 10 days ago for the last 30 days
and MACD Fast Line(10,50) remained above the MACD Slow Line(10,50) for the last 5 days
and MACD fast line(10,50) is below 0
and price is less than 2% above price 10 days ago
offset 0 days


Islander
5 posts
msg #35161
Ignore Islander
2/19/2005 1:38:17 AM

Grass,

For your convienience:

Fetcher[Show stocks where MACD Fast Line(10,50) 10 days ago remained below the MACD Slow Line(10,50) 10 days ago for the last 30 days
and MACD Fast Line(10,50) remained above the MACD Slow Line(10,50) for the last 5 days
and MACD fast line(10,50) is below 0
and price is less than 5% above low 15 day low
and average volume(90) is above 500000
offset 0 days
]




jclaffee
81 posts
msg #35162
Ignore jclaffee
2/19/2005 1:53:52 AM

Hi, grass

You said "The problem is: I don't know how to program the divergence"

I don't either. If I were interested in what you express interest in, I'd have to do it this way --

With respect to #1,

Fetcher[Volume is above 500000
and Close is above 10
and Slow Stochastic(5) Fast %K crossed below the Slow Stochastic Slow %D
and draw MACD(12,26,9)
]



and visually screen the resulting charts for divergences. (The "Close" line is just to limit the number of returns.)

There must be a way to do the "visual screen" with SF but this guy doesn't have it!

Good trading

Jim


jclaffee
81 posts
msg #35163
Ignore jclaffee
2/19/2005 2:05:24 AM

grass, I'm correcting an oversight in the previous filter:

Fetcher[Volume is above 500000
and Close is above 10
and Slow Stochastic(5) Fast %K crossed below the Slow Stochastic(5) Slow %D
and draw MACD(12,26,9)
]



Jim


jpistell
123 posts
msg #35167
Ignore jpistell
2/19/2005 7:55:51 AM

Diverg. suggestion:
Use linear reg. line of each indicator, then ask for different slope lines. I wrote one in here a few months ago, keyword search: "X marks the spot". Where X is the visual pattern of the 2 Lin. Reg. slopes (ala diverg.)

Trader Joe


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

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus