StockFetcher Forums · General Discussion · price vs. rsi(2) showing negative divergence.<< >>Post Follow-up
AdamW328
84 posts
msg #55498
Ignore AdamW328
10/3/2007 1:42:00 PM

I just want to make sure I understand price vs. rsi(2) divergence so if I am wrong someone please help me.

If say, price has been increasing steadily for 30 days and rsi(2) has be dropping steadily over that same period - that would be divergence correct? What would be a good entry on a stock showing this divergence.

Does anyone have a filter that will show this divergence?

Thanks!

TheRumpledOne
6,358 posts
msg #55506
Ignore TheRumpledOne
modified
10/3/2007 7:19:39 PM

Fetcher[
/* Negative Divergence 5 days*/

set{nd2,count(close above close 2 days ago,1) * count(rsi(2) below rsi(2) 2 days ago,1)}}

set{nd3,count(close above close 3 days ago,1) * count(rsi(2) below rsi(2) 3 days ago,1)}

set{nd4,count(close above close 4 days ago,1) * count(rsi(2) below rsi(2) 4 days ago,1)}

set{nd5,count(close above close 5 days ago,1) * count(rsi(2) below rsi(2) 5 days ago,1) }


add column nd2
add column nd3
add column nd4
add column nd5

nd5 above 0

close above .01
volume above 300000

sort column 8 descending

market is nasdaq
]



Selecting stocks with 5 day negative divergence

AdamW328
84 posts
msg #55507
Ignore AdamW328
10/3/2007 8:30:02 PM

Thanks rumple I will give it a shot

TheRumpledOne
6,358 posts
msg #55511
Ignore TheRumpledOne
10/3/2007 9:55:19 PM

The filter I posted is a "watered down" version because not all have signed up for SF Advanced.

Search the forums for the full version.

StockFetcher Forums · General Discussion · price vs. rsi(2) showing negative divergence.<< >>Post Follow-up

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