Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 8/3/2005(UTC)
Posts: 40
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Price Headley - Momentum Divergence
http://www.iqchart.com/p...technical_divergance.asp
[code:1:d48bfb34bc]
pds:=Input("Check for Divergence - Periods",5,100,15);
UTH:=90;
DTH:=30;
MOM:=MACD(); {Momentum Indicator}
Value1:=If(HHV(MOM,pds)-LLV(MOM,pds)<>0,HHV(MOM,pds)-LLV(MOM,pds),50);
Value2:=If(HHV(CLOSE,pds)-LLV(CLOSE,pds)<>0,HHV(CLOSE,pds)-LLV(CLOSE,pds),50);
PcMOM:=100*(MOM-LLV(MOM,15))/value1;
PcClose:=100*(CLOSE-LLV(CLOSE,15))/value2;
{Plot Values}
PcClose;PcMOM;UTH;DTH;
{Plot Signal}
{PcClose < 30 AND PcMOM > 90};
[/code:1:d48bfb34bc]
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