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<FONT face=Arial color=#0000ff
size=2>Hi,
<FONT face=Arial color=#0000ff
size=2>
Here's
some code I picked during my travels. I haven't tested it yet, so I can't
comment on how good it, but it should do what you are looking
for.
Divergence Formulas
I've seen many divergence formulas written for Metastock, but in my opinion,
none of them work well. Here, I'll present a divergence formula for Metastock
using RSI(14) and the close. I'll also introduce another divergence formula,
which I call double successive divergence (DSD).
Divergence Formula
EKA:=3;
I1:=Zig(RSI(14),EKA,%)>Ref(Zig(RSI(14),EKA,%),-1) AND
Ref(Zig(RSI(14),EKA,%),-1)<Ref(Zig(RSI(14),EKA,%),-2);
V1:=ValueWhen(1,I1,Ref(Zig(RSI(14),EKA,%),-1));
V2:=ValueWhen(1,I1,Ref(C,-1));
V3:=ValueWhen(2,I1, Ref(Zig(RSI(14),EKA,%),-1));
V4:=ValueWhen(2,I1,Ref(C,-1));
C1:=V1>V3 AND V2<V4 ;
C1 AND Ref(C1,-1)=0 AND RSI(14)>Ref(RSI(14),-1)
Double Successive Divergence
I1:=Zig(RSI(14),3,%)>Ref(Zig(RSI(14),3,%),-1) AND
Ref(Zig(RSI(14),3,%),-1)<Ref(Zig(RSI(14),3,%),-2);
V1:=ValueWhen(1,I1,Ref(Zig(RSI(14),3,%),-1));
V2:=ValueWhen(1,I1,Ref(C,-1));
V3:=ValueWhen(2,I1, Ref(Zig(RSI(14),3,%),-1));
V4:=ValueWhen(2,I1,Ref(C,-1));
V5:=ValueWhen(3,I1, Ref(Zig(RSI(14),3,%),-1));
V6:=ValueWhen(3,I1,Ref(C,-1));
C1:=V1<V3 AND V2>V4 AND V3<V5 AND V4>V6 ;
C1 AND Ref(C1,-1)=0 AND RSI(14)>Ref(RSI(14),-1)
<FONT
face=Tahoma size=2>-----Original Message-----From:
sentto-5219951-4532-1063662071-prez=execs.com@xxxxxxxxxxxxxxxxxxxxxxxx
[mailto:sentto-5219951-4532-1063662071-prez=execs.com@xxxxxxxxxxxxxxxxxxxxxxxx]
On Behalf Of MichuSent: Tuesday, 16 September 2003 5:40
AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: Re:
[EquisMetaStock Group] Re: System
Hi all
Maybe I haven't written exectly what I mean. I
want to write system based on divergence between MACD and chart. Can anyone
help me ?
@pumrysh: this link doesn't work
:(
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Keith
McDonald
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, September 15, 2003 10:31
PM
Subject: Re: [EquisMetaStock Group] Re:
System
pumrysh wrote:
The only indicator that you mentioned is
the MACD. Divergence may occur between 2 MACD's but would not
necessarily be a reliable indicator. Divergence is usually
measured between 2 different indicators...MACD versus RSI.
The following URL will take you to a formula site that lists
a divergence between Close versus MACD and RSI versus
MACD.
<A
href="">http://trader.online.pl/MSZ/e-w-
Divergence_between_Close_and_Indicator.html
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "mihasz25"
<michubbon@xxxx> wrote: > Hi
> > I want ask you about one thing.
> > Does someone of you know how write system
in Metastock based on > divergence on MACD indicator?
> > thx > >
Sorry for my english :)
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