StockFetcher Forums · Filter Exchange · RSI DIVERGENCE INDICATOR<< >>Post Follow-up
6 posts
msg #51337
Ignore nrj1947
4/26/2007 1:29:17 AM

Hi all,

I'd like to create an indicator that finds RSI (5) divergences for one month highs and lows. For instance, if you look at the XLB, it reached a one month high today but its RSI (5) is not as high as it was at its previous one month high which was achieved 7 days ago. I'm having difficulty creating an efficient algorithm and have searched the site for an RSI divergence indicator but couldn't find one.

In short, "Close is 4 week high and RSI (5) not at 4 week high". How do I write this properly? When I wrote it as above, it didn't seem to recognize the word "not".

Thank you in advance.

New Jersey

6,358 posts
msg #51370
Ignore TheRumpledOne
4/28/2007 1:31:30 PM

Your question was answered in the general section.

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