Positive Divergence detection?

Viewing 9 posts - 1 through 9 (of 9 total)

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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

Legend

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

Legend
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

Legend

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

Legend
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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