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RSI Bullish & Bearish Divergence Exploration

Formula for: MetaStock

exploration

 

 

Views:  3978
Added: December 19, 2007
 
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Tags: MetaStock, exploration
 
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A simple exploration filter formula for finding a bullish divergence between the RSI and the price is shown below. To find a bearish divergence, replace > with <. The differences in the trough function was found through an optimization routine and they may not be the best values for your application.

 

 



Code:

RSI Bullish Divergence

Ref(RSI(14),-1)>Trough(1,RSI(14),.8) AND Ref(CLOSE,-1)




RSI Bearish Divergence

Ref(RSI(14),-1)Trough(1,CLOSE,.2) { bearish divergence }


 





Source: http://www.guppytraders.com

 

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