TASC 2008-07 | Leader Of The MACD Divergence (Siligardos) by Eugene

TASC 2008-07 | Leader Of The MACD (Siligardos)

Programming "complex" divergences in Wealth-Lab 5.0 is not complex and can be accomplished in different ways (for example, see February Traders' Tip "Trading Divergences"). Here we present an alternative approach that identifies a divergence between price and the "Leader of the MACD" when it fails to confirm a highest high, in its turn, creating a lower peak. (To save space, the rules are for short trades but reversing them is pretty easy.)

Author: Eugene
Category: Divergences
Creation Date: 11/9/2009
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"