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--- In equismetastock@xxxxxxxxxxxxxxx, Alex Tan <bt_alex_tty@xxxx>
wrote:
> Preston,
>
> I appreciate the warning on using divergence signals.
> What you wrote is true in most of the charts I have
> seen, and I agree with the opinion that it should be
> used as a warning indicator, but with another trigger
> for sell...like a 30-Day Weighted MA or a 30 Week
> Weighted MA. Then again, divergence may not be useful
> as the warning can go on for weeks or months before
> the final pop.
>
> But it seemed to work rather well in picking
> temporarly bottoms..like on 9th Oct 2002 for DJI. The
> divergence in the Stoch Momentum Index for DJI (as
> well as in IXIC in Oct 2002 told of the BUY signal for
> the impending bull run that lasted for 8 weeks.
>
> Maybe it is probably due to these reasons, there are
> not many divergence formulas out there in the
> internet.
>
> Can you name the hardcore TA websites you mentioned
> for the benefit of those who are new?
>
> Alex
>
>
> --- pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> > Alex,
> >
> > Some of the more hardcore Metastock TA sites have
> > developed
> > divergence explorations using various methods. Some
> > work well and
> > some do not. Divergence is nothing more than a
> > weakening of momentum.
> > During this time price will continue to rise while
> > the momentum
> > indicator will show successively lower highs. It can
> > be a leading
> > indicator of trend change. According to Thom Hartle
> > though in a
> > recent Active Trader magazine article, "Experienced
> > traders know the
> > RSI will repeatedly diverge from price during
> > sustained uptrends or
> > downtrends before eventually making the final top or
> >
> > bottom...essentually giving one false reversal
> > signal after another."
> >
> > If you are going to use a divergence indicator you
> > must know when you
> > are simply loosing momentum and when reversal
> > momentum has gained
> > enough to signify a trend change. Options traders
> > can use divergence
> > to their advantage, if they are aware of these
> > momentum
> > differences.
> >
> > Just to give you an idea of how others were
> > determining divergence,
> > most were using peak/trough, HHV/LLV, and
> > correlation.
> >
> >
> > Preston
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, Alex Tan
> > <bt_alex_tty@xxxx>
> > wrote:
> > > Folks,
> > >
> > > Can we search via stock exploration for divergence
> > in
> > > MACD Histogram, Stochastic or Stoch momentum index
> > or
> > > Force Index in Metastock's explorer?
> > >
> > > I have not seen any formulas on the website for
> > these
> > > kind of explorations. Has anyone seen this or have
> > > used it before?
> > >
> > > Alex
> >
> >
> >
>
>
> __________________________________________________
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