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Have a look in the AB library...there is at least 3 divergence based
formulas there. Example...
INDICATOR :DIVERGENCE
PROGRAMMER :M.Lauronen
Here is an indicator which calculates divergencies between the price
and RSI. You can use another strenght/momentum indicator simple by
changing one line of code.
Remember to tune the 'period' and 'numChg'
Indicator gives you the buy/sell signal when you see green/red
vertical line on the panel.
http://www.amibroker.com/library/detail.php?id=374
Cheers Bruiser
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