Re: Divergence

["Adam Hefner" <vonhef@xxxxxxxxxxxx>]

Frans,
    Very good coding!
One line of your code reads:

    Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-2)

I wonder if you really meant it to read this:

    Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-3)

Thanks for your contribution,
        Adam Hefner


----- Original Message -----
From: Frans Derksen <fjderksen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, December 03, 2000 3:09 AM
Subject: Re: Divergence


>
> Hello John,
>
> For a (primitive) start try this formula:
>
> L = llv(L,20) and RSI(14) > llv(RSI(14),20
>
> Or (a little bit more sophisticated):
>
> - RSI has been going up for three days.
> - RSI three days ago was higher than lowest RSI in past 14 days
> - Close of three days ago was lower than lowest close of the   prior 14
> days will look something like this:
>
> {RSI exploration}
>          Ref(RSI(14),0) > Ref(RSI(14),-1) AND
>         Ref(RSI(14),-1) > Ref(RSI(14),-2)AND
>         Ref(RSI(14),-2) > Ref( LLV(RSI(14),14),-2)
>
>         {Price exploration}
>         AND Ref(CLOSE,-2) < Ref(LLV(CLOSE,14),-3)
> {or:REF(C,-2) = REF(LLV(C,14),-2)}
>
> All improvements welcome....
>
> Rgds.
> Frans
>
>
> At 14:29 2-12-00 -0800, you wrote:
> >One of the more interesting indicators of price reversal for me is the
> >divergence that occurs between a momentum indicator and the price action.
> >For example, if through some time period both price and RSI make a high
and
> >then price rises and RSI drops, then divergence has occured between the
> >indicator and the price and a reversal in price action "might" occur.
> >
> >I have not been able to figure out a manner of looping thru the past 1 to
70
> >periods of price and momentum indicator values to figure out if the
prices
> >are showing divergences or not using Metastock.
> >
> >Does anyone have such a formula or know where i can find it?
> >
> >Thanks. ................................... John
> >
> >
>
>