MACD Divergence Scan - a Question from Danny B

I recently reviewed John T's presentation to the Spiker Group. In his presentation he touched on a stock scan using MACDH Divergences and New High/Low criteria.

I have been attempting to create such a scan in Trade Station for several weeks to no avail. I have searched the TS support forums and tried to copy and paste code but my proficiency level is sub par.

Are there any TS Spikers who can assist me with constructing such a scan? If so, I thank you in advance and will look forward to reading your reply's to this post. And thanks to John T's presentation and drawing attention to this scan. Otherwise I would still be (and continue to be) a student of TS programing code.

Regards,

Danny B

A bearish divergence in the S&P? - by Vadim J

I saw the bearish divergence on the daily S&P 500 graph (screenshot attached).

This says to me we are going to test the March bottom.

Or may be I read the indicators in the wrong way?

I will be happy to hear the opinion of other traders.

Sorry for my English, it's not my native language :)

Thanks in advance
-- Vadim J

How to read MACD Signals? - by Didier F

I would like to post this question. There are two images attached.

I’m using the Triple Screen with the MACD 9 12 26 and the force index 13 periods. These indicators are going up on a weekly chart and don’t show any divergence or weakness. On a daily chart, however, these same indicators are drawing a shape common to most of the indexes and stocks I follow. See attached XFN as an example, the ETF of the Canadian financial sector.

I wonder how to analyze the chart in order to look for a trade. I also wonder when the divergence will be over in this example.

Thank you very much for your input.

Didier

US Dollar Bearish Divergence - by Didier F

Hello Kerry/Alex,

I would like to bring this comment to the attention of the group. I’m discovering trading in the middle of the crisis, my trading system (Top-Bottom) is a work in progress.

Each week, I review 56 market indicators divided in 9 groups. One of those is the currency market, including gold. That’s why this divergence in progress on the USD index has been catching my attention for weeks.

Didier F

Canada

Bearish Monthly S&P - by Rodryk S

I would like to share a part of my week-end "market bottom homework" with you, Spikers and SpikeTrade Members via the blog.

Please find attached a monthly chart of the S&P500, including embedded comments. - As I am abroad in Denmark and did not want to update "tons of data" with TC2007 (->roaming costs), I used this time Incrediblecharts.com, which downloads the data on a stock by stock basis.