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Pablo, here's some possibly useful additions to your Volume/Price
divergence indicator:
=========================
Divergence - Volume/Price
=========================
---8<----------------------------------
{ VP-DIV:
Attempt at finding divergences between Volume
and Price - Pablo Bozzolo - May 2006 }
{ User inputs }
thr:=Input("Divergence strength threshold %",0,100,1.5);
pds:=Input("Divergence periods",1,260,5);
VolEma:=Mov(V,pds,E);
PrcEma:=Mov(C,pds,E);
{ Divergences }
Bull:=If(V>VolEma
AND V>Ref(V,-pds)
AND C<PrcEma
AND C<Ref(C,-pds),
Mov(V,pds,S)/Mov(V,100,S),0)
>thr;
Bear:=If(V<VolEma
AND V<Ref(V,-pds)
AND C>PrcEma
AND C>Ref(C,-pds),
Mov(V,pds,S)/Mov(V,100,S),0)
>thr;
{ Plot signals in own window }
Bull-Bear
---8<----------------------------------
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Paolo <italoarg76@xxx>
wrote:
>
> Friends:
> Andrew 've shown that my price oscilator was invented
> by DiNapoli (italian ?) :)
> Here there is a indicator to see how strong is a negative
> divergence between volume and price.
> I hope It has no copyright!!!!!!
>
> { VP-DIV: Finder of negative divergences between volume and
> price }
> Periods:=5; {5 or 6 are the best values tested}
> If(V<Mov(V,Periods,E) AND V<Ref(V,-Periods)
> AND C>Mov(C,Periods,E) AND C>Ref(C,-Periods),-Mov(V,Periods,S)
> /Mov(V,100,S),0);
> {Pablo Bozzolo - May 2006}
>
> Where Mov(V,Periods,S)/Mov(V,100,S),0) try to be a measure
> of the strenght of divergence.
>
> Sometimes when a huge divergence is shown the price don't go
> down but it enters in a trading zone (neutral).
>
> I use this indicator daily.
> Good luck!
> Pablo
>
> PD: sorry because when I try to write fast in english I make a
> lot of mistakes.
>
>
> Pablo Bozzolo
>
> ---
> Contact info:
>
> Movil: 221 5384617
> E-mail: italoarg76@xxx
> MSN: italoarg76@xxx
> ICQ: 77207033
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