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Also just came across this:
Subject:
Divergence Detection
Date:
Sun, 19 Dec 1999 04:44:15 -0800
From:
"Monte C. Smith" <montecs@xxxxxxxx>
To:
montecs@xxxxxxxx
Subject:
Re: Divergence
Date:
Sat, 18 Dec 1999 16:57:05 -0500
From:
"Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To:
"Gaston Lang" <gastonlang@xxxxxxxxxxxxx>, "OmegaList"
<omega-list@xxxxxxxxxx>
One method I have found somewhat useful is to put a stochastic on each
of
the items you're trying to get the divergence in. If the stochastic on
one
of the series is at 100 and the other is at 60, chances are good it's a
divergence.
Kent
-----Original Message-----
From: Gaston Lang <gastonlang@xxxxxxxxxxxxx>
To: Omega-List <omega-list@xxxxxxxxxx>
Date: Saturday, December 18, 1999 1:35 PM
Subject: Divergence
Dear Traders
Wondering if anyone may have the ela code for an indicator that will
show
divergence between price and an oscillator or second data stream. I know
TS
has one however i have found it to be less than reliable. Thanks in
advance
Gaston
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