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A simple formula for finding a divergence (bullish) between the RSI and the
price is shown below. To find a bearish divergence, replace > with <. The
differences in the trough function was found through an optimization routine
and they may not be the best values for your application. I would need to
spend some time with the manual before I could figure out how to keep it
active for 3 days.
Ref(RSI(14),-1)>
Trough(1,RSI(14),.8)
AND
Ref(CLOSE,-1)<
Trough(1,CLOSE,.2)
Dan
Pocatello, ID usa
In a message dated 6/7/1999 5:33:05 AM Mountain Daylight Time,
lgittler@xxxxxxxxxxx writes:
<< I would like to make an explorer with Metastock getting divergence between
a
chart price and an indicator, like MACD.
I would like to detect all securities where this divergence appeared in the
last 3 days. >>
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