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Take care when using Divergence/Peak/Trough MS functions, as they are
based on the hindsight-based Zig Zag formula - i.e. signals *will*
change in retrospect.
jose '-)
http://www.metastocktools.com/MACDH/MACDHdiverg.htm
--- In equismetastock@xxxxxxxxxxxxxxx, "Athena Research" <athena.
investments@xxxx> wrote:
>
> Hi Parry,
>
> Try this formula if you want to check if close price of security
> make lower low while RSI and stoch make higher lows. This will give
> you divergence between close price of security and RSI or Stoch. I
> hope this will work.
>
> ColA: CLOSE
>
> ColB: Divergence( CLOSE, RSI(21)
>
> ColC: Divergence(CLOSE, Stoch(15,5)
>
> Filter: ColB = 1 OR ColC = 1
>
> or you can also try filter for both should be correct, if you want
> to be sure with both divergences.
>
> Filter: ColB =1 AND ColC = 1
>
>
> Or if you want to check only this low of RSI is higher than previous
> low of RSI and this low of Stoch is higher than previous low of
> Stoch, then try this formula, I hope this will serve your purpose
>
> ColA: CLOSE
>
> ColB: {RSI(21)}
> r1 := Trough(1,RSI(21),30);
> r2 := Trough(2,RSI(21),30);
>
> If(r1> r2
> ,1,0)
>
>
> ColC:{Stoch(15,5)}
> s1 := Trough(1,Stoch(15,5),30);
> s2 := Trough(2,Stoch(15,5),30);
>
> If(s1> s2
> ,1,0)
>
> Filter: colB=1 AND colC=1
>
> This will give you higher low of both RSI(21) and Stoch(15,5) in
> last 30 days.
>
>
>
> Thanks and Regards,
> Amit Trivedi
> Technical Analyst, Active Trader, President & CEO
> Athena Investments, Inc.
> 1055 Sector 15 Part - II, Gurgaon - 122001(India).
> T: +91.124.4033.595 M: +919818707842
> E: <mailto:atrivedi@x...> atrivedi@xxxx
> W: <http://www.athenasolutionz.com/> www.athenasolutionz.com
>
>
>
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of PP
> Sent: Wednesday, December 07, 2005 5:36 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] formula
>
>
> hi
> does anyone know the metastock formula that can scan for stochastics
> or rsi forming higher lows?
>
> parry
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