Positive Divergence detection?

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    Posts
  • 03/08/2023 at 2:26 PM #211113 quote
    marco7630
    Participant
    New

    Hello,

     

    Is there an easy way to detect assets that show a positive divergence at the moment?

     

    gr Marco

    03/08/2023 at 5:40 PM #211128 quote
    robertogozzi
    Moderator
    Master

    Divergence between what… Price vs. RSI, Price vs. MACD, MACD vs. RSI, etc… ?

    03/08/2023 at 5:44 PM #211129 quote
    marco7630
    Participant
    New

    Hi,

    Sorry. price and RSI 14

     

    gr Marco

    03/08/2023 at 6:18 PM #211138 quote
    robertogozzi
    Moderator
    Master

    There you go:

    myDIV  = DivergenceRSI[14, 30, 70, 20](close)
Signal = 0
IF myDIV > 0 THEN
   Signal = 1
ELSIF myDiv < 0 THEN
   Signal = 2
ENDIF
SCREENER[Signal](Signal AS "Div.")

    1 = bullish Div.

    2 = bearish Div.

    03/08/2023 at 7:27 PM #211145 quote
    marco7630
    Participant
    New

    Hi Roberto,

     

    Thanks. What do you mean with:

    1 = bullish Div.

    2 = bearish Div.

     

    And how can i make it only weekly base instead of daily?

     

    gr Marco

    03/08/2023 at 11:51 PM #211158 quote
    robertogozzi
    Moderator
    Master

    Sorry, I missed that it could have been misinterpreted. Div. stands for Divergence.

    Bullish means on the uprise or going North, Bearish means on the downside or going South.

    1 and 2 are the returned values so you can tell which type is returned.

    Apply it to whatever timeframe you need to, be it Weekly or 1 minute.

    03/09/2023 at 7:23 AM #211162 quote
    marco7630
    Participant
    New

    Hi Roberto,

     

    Thanks. I did know what bullish and bearish is fortunately:-). I was not sure what you meant with the 1 and the 2 but i see there is a colum with 1 and 2’s after running the screener:-)

     

    One last question.

    What do i need to add to only see assets with a close >5 and average daily volume > 500000

     

    Gr Marco

    03/09/2023 at 7:47 AM #211163 quote
    robertogozzi
    Moderator
    Master

    There you go:

    myDIV  = DivergenceRSI[14, 30, 70, 20](close)
Signal = 0
IF myDIV > 0 THEN
   Signal = 1
ELSIF myDiv < 0 THEN
   Signal = 2
ENDIF
c1 = close > 5
c2 = average[10,0](volume) > 500000
SCREENER[Signal AND c1 AND c2](Signal AS "Div.")
    03/09/2023 at 9:54 AM #211178 quote
    marco7630
    Participant
    New

    Thanks Roberto

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Positive Divergence detection?


ProScreener: Market Scanners & Detection

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marco7630 @marco7630 Participant
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This topic contains 8 replies,
has 2 voices, and was last updated by marco7630
3 years ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 03/08/2023
Status: Active
Attachments: No files
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