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Dimitris,
if you look at december 02 top at 30 and January 03 first top at 30
you will find below them two declining tops of Stochastics.
This is called a divergence for example in Elder's book.
You may ask for a tighter definition of divergence such as only
up/down or down/up and this is perfectly legitimate but what I mean
is that you will almost always find a divergence at tops or bottoms
because prices usually slow down before inverting the direction.
But they also slow down in the middle of a move and in a lot of other
occasions.
So very often a Stochastic Divergence is not enough.
--
Franco
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> Franko,
> no divergence was detected on Jan2003.
> The price slope was negative, the same with the stochD.
> We need a positive price slope, joined with a negative stochD slope
> for the related peaks to detect a divergence.
> DT
> --- In amibroker@xxxxxxxxxxxxxxx, Franco Gornati <fgornati@xxxx>
> wrote:
> > Dimitris,
> > I would consider a Stochastic Divergence the one of January 03
too.
> > Every time something slows, Stochastic has a drop.
> >
> > ---
> > Franco Gornati
> >
> > -------- Original message --------
> > From: "Dimitris Tsokakis" <TSOKAKIS@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Thu, 20 Mar 2003 12:04:35 +0200
> > Subject: [amibroker] Once Again
> >
> > > In the next Oil "crisis", do not forget to make some money, the
> technical part of the story is ALWAYS the same.
> > > A Stochastic Divergence is enough.
> > > See also
> > > http://groups.yahoo.com/group/amibroker/message/35193
> > > http://groups.yahoo.com/group/amibroker/message/35226
> > > and other previous messages on the same subject.
> > > Dimitris Tsokakis
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