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what is the fve
-curiosity
--- hcour <no_reply@xxxxxxxxxxxxxxx> wrote:
> This is code for an indicator that shows divergences
> between FVE and
> price:
>
> "This formula plots a 2 when the FVE slope is
> positive and price
> slope is negative, and plots a -2 when the FVE slope
> is negative
> while price slope is positive. At all other times,
> it plots a zero."
>
> ___
>
> pds:=Input("period for FVE",10,80,22);
> pds1:=Input("period for regression line",5,100,35);
> mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1);
> fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100,
> -V,0)),pds)/Mov
> (V,pds,S)/pds*100;
> If(LinRegSlope(fve,pds1)>0,1,-1)-
> If(LinRegSlope(C,pds1)>0,1,-1);
> ___
>
> I call the indicator "FVE Diverge". Is it possible
> to write a scan
> that would find stocks that have been at 2 or -2 for
> X periods? If
> so, would it be something like this:
>
> Col A: FVE Diverge
> Filter: colA = 2 OR colB = -2
>
> I don't know how to put in the number of periods.
>
> Thanks for any help,
> Harold
>
>
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