Re: [amibroker] divergences

["Prashanth" <prash454@xxxxxxxxxxxxxx>]

Hello,

 

Try this for RSI. Modify suitably for MACD, stochasticts.

 

// Bearish Divergence

Cond1=( Close >= HHV( Close, 21 ) AND RSI(14) < HHV( RSI(14), 21 ));

Cond2=RSI(14) <= LLV( RSI(14), 21) AND Close > LLV(Close,21);

// Bullish Divergence

Cond3= RSI(14) >= HHV( RSI(14), 21 ) AND Close < HHV( Close, 21 );

Cond4= Close <= LLV( Close, 21 ) AND RSI(14) > LLV( RSI(14), 21 );

Buy = Cond3 OR Cond4;

Sell = Cond1 OR Cond2

Cheers

Prashanth

----- Original Message -----

From: Ed

To: amibroker@xxxxxxxxxxxxxxx

Sent: Friday, September 02, 2005 9:54 PM

Subject: [amibroker] divergences

Does anyone know how to write code that shows divergences between an
indicator (RSI, Stochastics, MACD) and price over a period of time?
I'm hoping to save myself a lot of time manually searching for
indicator/price divergences through code. Thanks, Ed




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