nrj1947
6 posts
msg #51332
- Ignore nrj1947
modified |
4/25/2007 9:28:28 PM
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?
Thank you in advance.
Nancy
New Jersey
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cello13
88 posts
msg #51338
- Ignore cello13 |
4/26/2007 2:20:58 AM
How about this?
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nrj1947
6 posts
msg #51340
- Ignore nrj1947 |
4/26/2007 7:32:31 AM
Cello13,
Perfect! Thank you.
Nancy
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cello13
88 posts
msg #51343
- Ignore cello13
modified |
4/26/2007 12:40:55 PM
You're welcome ! :-)
Happy trading.
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TheRumpledOne
6,407 posts
msg #51357
- Ignore TheRumpledOne
modified |
4/27/2007 4:07:07 PM
Very slick way of finding divergence!
I added the rsidiff column so you can see size of the divergence and sort.
HTH.
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