RE: [RT] divergence oscillator?

["Stan Book" <sbook@xxxxxxxxxxx>]

If you 
are talking about the summation of Chaikin's daily indicator (as opposed to his 
oscillator), you might try comparing percentage change:
<SPAN 
class=750403403-30082001> 
<SPAN 
class=750403403-30082001>(current indicator value / indicator value n periods 
ago ) - (<SPAN 
class=750403403-30082001>current price / price n periods 
ago)
<FONT 
color=#0000ff face=Arial size=2><SPAN 
class=750403403-30082001> 
<FONT 
color=#0000ff face=Arial size=2><SPAN 
class=750403403-30082001> 
<FONT 
color=#0000ff face=Arial size=2>This has been a 
significant part of William Scmidt's (Tiger Software) stock ranking system for a 
couple of decades. 
<FONT 
color=#0000ff face=Arial size=2><SPAN 
class=750403403-30082001> 
<FONT 
color=#0000ff face=Arial size=2><SPAN 
class=750403403-30082001>Stan
<SPAN 
class=750403403-30082001><FONT 
size=2><FONT color=#0000ff 
face=Arial> 
<SPAN 
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<SPAN 
class=750403403-30082001> -----Original Message-----From: 
Steve [mailto:gts@xxxxxx]Sent: Monday, August 27, 2001 4:40 
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] divergence 
oscillator?

  Members, is there a way to create a divergence 
  oscillator?
  An oscillator that would compare the relative 
  values of 2 different indicators with different scale values?  I thought 
  that using a percentage might work, but have not gave it much thought 
  yet.
   
  I have found the Chaikin indicator to yield good 
  signals and wanted to compare to a 1 pd ma of close. <FONT 
  face=Arial size=2>Could a single oscillator be developed for this or any other 
  indicator that could easily show divergence. If so, then it would make 
  screening for trades easier.
   
  Thanks
  Steve
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