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[Attachment(s) from Tono included below]
Dear all, Can anyone help me to create an indicator that show each stage of market as defined below : Stage 1 : On a bottom, the Index line will stop downward move and move higher but the A/D Line will continue down. This indicates the start of a bull market.
Stage 2 : A/D Line and the Index going up , then market in stage 2
Stage 3 : on stage 3 there should be a widening gap /divergence between the index and A/D lines, as the A/D Line loses momentum but Index line continue higher.
Stage 4 : A/D Line and the Index going down , then market in stage 4
and how to incorporate the above indicator in exploration of individual stock? in example : I want to find stocks that have moving average golden cross but only when
market are in stage 1 or 2 .
I have attached an image on this email and uploaded an image to EquisMetaStock Group under "Photo" section within album "Index & AD Line Divergence" for a picture worth a thousand words.
Thanks in advance
Tono
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Attachment(s) from Tono
1 of 1 Photo(s)
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