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Steve,
the MACD() divergence is an alternative of the Stochastic divergence
in the AFL Library.
The advantage is that no peak()/trough() functions are used, which
would not operate properly with the negative MACD() values.
The formula is for IB, AA or commentary window.
ST33=MACD();bars=100;d=5;
TR1=LLVBars(ST33,d);
COND1=TR1>0 AND Ref(TR1,-1)==0 AND Ref(ST33,-1)<0;
TR2=IIf(COND1,Ref(ST33,-1),0);
Plot(st33,"MACD",1,8);
M1=ValueWhen(COND1,ST33);
P1=ValueWhen(COND1,LLV(L,3));
DM1=M1-Ref(M1,-1);DP1=P1-Ref(P1,-1);
DT=Ref(BarsSince(COND1),-1);
POSDIV=DM1>0 AND DP1<0 AND DT<BARS;Plot(POSDIV*LastValue(Lowest
(ST33)),"",5,2);
TR11=HHVBars(ST33,d);
COND11=TR11>0 AND Ref(TR11,-1)==0 AND Ref(ST33,-1)>0;
TR21=IIf(COND11,Ref(ST33,-1),0);
M11=ValueWhen(COND11,ST33);
P11=ValueWhen(COND11,HHV(H,3));
DM11=M11-Ref(M11,-1);DP11=P11-Ref(P11,-1);
DT1=Ref(BarsSince(COND11),-1);
NEGDIV=DM11<0 AND DP11>0 AND DT1<BARS;Plot(NEGDIV*LastValue(Highest
(ST33)),"",4,2);
GraphXSpace=5;
Filter=NEGDIV OR POSDIV;
AddColumn(NEGDIV,"BEARISH DIVERGENCE");
AddColumn(POSDIV,"BULLISH DIVERGENCE");
Sell=NEGDIV;
Buy=POSDIV;
Just one final note : Buy/Sell are included for the arrows, it is not
an independent complete trading system. It is not also a
recommendation to buy/sell, I just use it frequently and, sometimes,
I found unique solutions.
It may be also combined with Stochastic divergences. When we see
both, it is more reliable...
Thank you for your reply
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "steve_almond" <steve2@xxxx> wrote:
> Dimitris,
>
> Impressive signals shown in your Gif. Can you be more specific
about the system which gave you the signals?
>
> Thanks,
>
> Steve
>
> >----- Original Message -----
> >From: "Dimitris Tsokakis" <TSOKAKIS@xxxx>
> >To: Yahoo: amibroker@xxxxxxxxxxxxxxx
> >Sent: Fri Jul 11, 2003 8:53 am
> >Subject: MACD divergences
> >
> >may give some ideas for ^VLIC [quite accurate the last 2 years],
AMZN[no other important sell signal since July2002 !!], WU03 [or how
can you loose
> >20 units in one single bar] or GCZ03 [the lack of the proper sell
signal may force you waiting and waiting and loose the trend for a
break even].
> >Dimitris Tsokakis
> >
> >
> >Attachment
> >
> >1DIV.gif
> >Type: image/gif
> >Size: 64k Download
>
> _____________________________________________________________
> Sent by OnBoards: a bulletin board browser
> Free at http://www.automatedenterprises.com
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