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How to identify a positive divergence btw the RSI (or MACD) and the price by the Meta explorer
Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/20/2009(UTC)
Posts: 6
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Hi all.
I am newbie. I want to use the Meta explorer to scan securities with a positive divergence between the RSI (or MACD) and the Price. Below is my formula but it seems not a proper one.
Pls help to fix it.
Below is my one:
IF((Linregslope(RSI(14), 5) >0) And (Linregslope(C, 5)<0),1,0)
in which "1" means having positive divergence, "0" is having no signal.
Thank you
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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The first part is conditional but not the second so won't be 1 or 0.
a1:=LinRegSlope(RSI(14),5)>0;
a2:=LinRegSlope(C,5);
a3:=a1*a2;
a3
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/20/2009(UTC)
Posts: 6
|
TQ jolnl
Thru your formular then we just only plot the a3 into the chart by using the Indicator Builder. But I need to use the Explorer to scan securiieses.
Anyone can help pls,
TQ
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
|
You want to create some sort of condition for "a2" so that "a3" is either 1 or 0.
Like:
a1:=LinRegSlope(RSI(14),5)>0;
a2:=LinRegSlope(C,5)<0.5;
a3:=a1*a2;
a3
Then you can use the above indicator =1 as your filter for your explorer.
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How to identify a positive divergence btw the RSI (or MACD) and the price by the Meta explorer
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