hi Robert, as you mentioned in your blog, Alexander Elder puts a lot of value on regular divergences with the MACDHistogram. I have been a student of his books and even regsitered to his site, spiketrade. I had a brief exchange with him via email and what he told me surprised me a lot. I asked him about hidden ( or reverse ) divergences and he just blew them off as useless. Hidden dby fvaldes - Trading Discussion
jakesdad Wrote: ------------------------------------------------------- > Tanman, I like the Macd Divergence study you > posted. I have always been intrigued by divergence > and have several studies. I modified your code > with the following lengths: 16,97,2 and like the > results. I am however having problems scanning for > the condition, do you have some scan code to heby fvaldes - Trading Discussion
thanks again TanMan, I have always been very interested in Elder's work and divergences in general. I have exchanged email with him on occasions. One thing I dont understand is why he dismisses hidden divergences when comparing them to regular divergences. Hidden divergences follow the trend which should be more reliable right? I asked him that same question and his response was: "why doby fvaldes - Trading Discussion
thank you very much ! I am loving what I am seeing so far. I will take a closer look this weekend and report back. Is it possible to turn this into a scan? I tried calling it from a scan but it returned zero results. I selected one of the 4 divergences types in the scan conditions. thanks.by fvaldes - Trading Discussion
Has anybody had a chance to take a look at this? thanks fvaldes Wrote: ------------------------------------------------------- > hi Robert, thank you for all the amazing help you > give in this forum. > > I wanted to ask you if you could code a divergence > study/scan that identifies regular and hidden > divergences in the MACD Histogram per the > definitionby fvaldes - Trading Discussion
i am new to this forum but I have already gone through all your posts in this thread and your contribution is just unparalelled. Please, whenever you get a chance, see if you can tackle my request above, thanks.by fvaldes - Trading Discussion
hi Robert, thank you for all the amazing help you give in this forum. I wanted to ask you if you could code a divergence study/scan that identifies regular and hidden divergences in the MACD Histogram per the definition of Alexander Elder. He basically claims that a divergence only occurs if there is a cross of the zero line between the indicator pivots. Here is an image showing what Iby fvaldes - Trading Discussion